Tech Industry

Short Take: CMG declares stock split

CMG Information Services' board of directors has declared a 2-for-1 stock split. Stockholders will receive one share of common stock for each share held on the record date of April 27. After the split, there will be 22.7 million shares outstanding. CMG's stock, which has climbed about 250 percent since January, jumped 12.63 on news of the split, to as high as 107.5.

CMG Information Services' board of directors has declared a 2-for-1 stock split. Stockholders will receive one share of common stock for each share held on the record date of April 27. After the split, there will be 22.7 million shares outstanding. CMG's stock, which has climbed about 250 percent since January, jumped 12.63 on news of the split, to as high as 107.5.