Oracle, however, has a history of executing splits with its stock price in double digits. Its last split happened when it was trading at $63 a share in October 2000.

Oracle, however, has a history of executing splits with its stock price in double digits. Its last split happened when it was trading at $63 a share in October 2000.

Key Points Oracle has split its stock 10 times in the past. The company’s stock climbed 200% over the past five years as the artificial intelligence (AI) boom accelerated.

In fact, a stock split's only purpose is to lower a company's per-share price. Still, investors might be more inclined to buy a stock for $100, for example, instead of at a pre-split price of $1,000.

Finally, the post-split price is determined by the ratio of the split, so a 10-for-1 split, with an original stock price of $1,000, would bring the price down to $100 post-split.