AP News

News Summary: Is your stock in the $100 Club?


$100 CLUB: Forty-two stocks in the S&P 500 index are priced at $100 or more, the highest in at least 36 years.

SPLITS SCARCE: Companies used to split their shares in two or more to lower the price and appeal to small investors without much money. Not now. Hitting a triple-digit stock price is a "badge of achievement," says Jeffrey Hirsch, editor of the Stock Trader's Almanac.

INVESTOR RETREAT: One reason for few splits is that Main Street folks have been pulling out of stocks for years, leaving much of the trading to professional investors not prone to sticker shock.


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