Covenant Logistics Group Inc (CVLG) Stock Split History

Covenant Logistics Group Inc has split its stock once since its initial public offering (IPO). The stock split of Covenant Logistics Group Inc occurred on January 02, 2025 on a 2-for-1 basis, meaning that for 1 share of CVLG owned pre-split, shareholders then owned 2 shares.

This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Covenant Logistics Group Inc's total market capitalization.

The answer will depend on the decisions of the company's managers and market volatility. Covenant Logistics Group Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when CVLG stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Covenant Logistics Group Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.