1340 AM, Friday, August 29th, 2008
Cummins Announces Second Stock Split
Last updated on Friday, December 28, 2007
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(COLUMBUS) - Columbus, Indiana-based Cummins plans to deliver a show of confidence to investors next month when it completes its second stock split in a year.
It comes from a company that has seen its share price linger above $100 for most of the year but that also fell short of wall street's third-quarter expectations.
Stock analysts say a split makes Cummins stock more affordable for smaller investors.
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