L.L. Knickerbocker Stock Steadies After 5-for-1 Split
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RANCHO SANTA MARGARITA — L.L. Knickerbocker’s volatile stock steadied Thursday after a five-for-one split. The stock closed at $6.625, up 12.5 cents, on Nasdaq trading. A total of 771,500 shares changed hands, only 6% of the 12.3 million shares outstanding after the split.
The relatively quiet trading day for Knickerbocker, which uses celebrities to promote dolls and other items on cable TV, followed more than two months of price swings on heavy volume. The stock ran up from a pre-split price of $4 a share in June to $52 peak on Aug. 11, then slumped to $23.625 earlier this week.
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