NEW YORK, Sept 19 - Human Genome Sciences (Nasdaq: HGSI) stock jumped 9 13/16, or 6.8 percent, to 153 13/16 in mid-morning trading Tuesday following an announcement on Monday after the close of trading that the company’s board had approved a two-for-one stock split.
Shareholders will receive an additional common share for each share held at close-of-business on Sept. 28. The additional shares will be delivered on or about Oct. 5.
After the completion of the split HGS will have 56 million shares outstanding.
This is the second split of HGS common stock since the company’s IPO in December of 1993.
HGS's shares reached a 52-week high of 232 3/4 in early March.