INMD - Why Shares of InMode Are Up 20% So Far This Week
Shares of InMode (NASDAQ: INMD) , a provider of devices that harness radiofrequency energy for cosmetic surgical procedures, are up 20% this week as of the close on Thursday afternoon.
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The primary news seems to be an announcement last Friday that the company would undergo a 2-for-1 stock split at the end of this month. The resulting lower price might allow investors to buy more shares. For those who already own shares, however, they will own twice as many but it won't change how much of the company they own. For example, a pizza cut into 12 pieces isn't any bigger than the same pie cut six ways.
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Why Shares of InMode Are Up 20% So Far This Week