Recent Split Activity and Upcoming Stock Splits — January 28, 2026 — Forward & Reverse Splits to Watch

Summary

The current stock split landscape shows limited upcoming activity with just one scheduled split in the next 30 days: AWP's 1:3 reverse consolidation on February 9, 2026 (12 days away). Recent activity over the past month reveals a pattern dominated by reverse splits (4 of 7, or 57%), suggesting companies are addressing share price minimums and exchange listing requirements. Forward splits accounted for 43% of recent activity, led by TRT's 2:1 split on January 5.

Splits Overview

Recent Split Activity (Past 30 Days)

Forward Splits 🟢

TRT - 2:1 Forward Split (January 5, 2026)

Executed: 23 days ago
Signal: Bullish - Traditional 2:1 split indicates company confidence and desire to make shares more accessible to retail investors. Forward splits generally correlate with positive price momentum and strong fundamentals.

ITUB - 1.03:1 Forward Split (December 29, 2025)

Executed: 30 days ago
Signal: Neutral to Positive - Minor adjustment split (3% increase in shares), likely technical or dividend-related. Minimal impact on trading or investor perception.

SBS - 1.0296:1 Forward Split (December 29, 2025)

Executed: 30 days ago
Signal: Neutral - Very small split ratio suggests technical adjustment rather than strategic corporate action. Minimal market significance.

Reverse Splits 🔴

AMCR - 1:5 Reverse Split (January 15, 2026)

Executed: 13 days ago
Signal: Bearish to Neutral - Aggressive 5:1 consolidation often indicates significant price weakness. Recent execution means post-split stabilization may still be underway. Warrants caution for new positions.

RPT - 1:6 Reverse Split (December 31, 2025)

Executed: 28 days ago
Signal: Bearish - Even more aggressive consolidation than AMCR. Extreme ratios (1:6 or higher) typically signal material financial or operational challenges. High-risk profile.

ACET - 1:16 Reverse Split (December 30, 2025)

Executed: 29 days ago
Signal: Very Bearish - Exceptional reverse split ratio (1:16) indicates severe price deterioration. Such extreme consolidations often precede continued volatility or delisting concerns. Avoid.

AWP - Upcoming Reverse Split

🔴 AWP - 1:3 Reverse Split

Split Date: February 9, 2026 (12 days away)
Ratio: 1:3 (Every 3 shares become 1 share)
Type: Reverse consolidation

What This Means

A 1:3 reverse split consolidates three existing shares into one, effectively tripling the share price while reducing outstanding shares by two-thirds. Reverse splits are typically executed to:

• Meet minimum share price requirements for exchange listing
• Improve institutional investor accessibility
• Address liquidity concerns

Trading Windows & Strategy Considerations

🚫 Hard Exclude Period: February 2-16, 2026 (7 days before and after)

• Risk Level: Very High
• Recommendation: Avoid new positions
• Why: Extreme volatility common around reverse split execution, algorithmic trading adjustments, and price discovery inefficiencies

Split Calendar

Sector Analysis

Observation Period: December 29, 2025 - February 9, 2026 (42 days)

Split Activity by Type

Forward Splits (43%):

• Concentrated in late December/early January
• Ratios range from modest (1.03:1) to traditional (2:1)
• Generally positive or neutral signals
• TRT represents the only significant strategic forward split

Reverse Splits (57% - Majority):

• Distributed throughout the period
• Ratios increasingly aggressive: 1:3 → 1:5 → 1:6 → 1:16
• Clear pattern of financial stress or listing requirement pressure
• ACET's 1:16 ratio is exceptionally severe

Key Themes

1. Defensive Consolidations Dominating: 57% reverse split rate is elevated, suggesting challenging market conditions for smaller-cap names or specific sectors facing headwinds.

2. Extreme Ratios Increasing: The presence of 1:6 and 1:16 reverse splits indicates pockets of severe price weakness, possibly concentrated in specific industries or market segments.

3. Forward Split Activity Muted: Only one traditional 2:1 split (TRT) suggests strong companies are less inclined to split shares in current market environment.

4. Timing Pattern: Late December/early January concentration may reflect companies addressing year-end compliance requirements or positioning for Q1 reporting.

Investment Implications

What Forward Splits Signal

Positive Indicators:

• Management confidence in sustained price levels
• Desire to increase retail investor accessibility
• Often correlates with strong revenue growth and margin expansion
• Can trigger increased institutional interest due to improved liquidity

Example: TRT's 2:1 split is the only pure positive signal in this dataset.

What Reverse Splits Signal

Warning Indicators:

• Share price fell below exchange minimum ($1-$5 typically)
• Need to maintain NASDAQ/NYSE listing compliance
• Possible financial distress or operational challenges
• Often precedes continued underperformance (historical pattern)

Critical Ratios:

• 1:3 to 1:5: Moderate concern - Likely listing compliance
• 1:6 to 1:10: High concern - Significant price weakness
• 1:10+: Very high concern - Critical situation (ACET at 1:16)

Trading Strategy Around Split Dates

Best Practices:

1. Avoid Hard Exclude Windows (±7 days):

   • Price discovery inefficiencies
   • Algorithmic trading adjustments cause erratic moves
   • Options markets may be illiquid or mispriced
   • Historical volatility spikes by 2-3x normal levels

2. Reduce Position Sizes in Caution Periods (8-30 days):

   • Scale out before hard exclude window
   • Wait for post-split stabilization before re-entering
   • Monitor volume patterns for normalization

3. Consider Post-Split Entry (30+ days):

   • Allow full price discovery and volume stabilization
   • Review post-split fundamental developments
   • Assess whether split addressed core issues (reverse) or confirmed strength (forward)

4. For AWP Specifically (Feb 9 split):

   • Exit by: February 2 (if currently holding)
   • Avoid new entries: February 2-16
   • Cautious re-evaluation: February 17 - March 11
   • Normal consideration: After March 11

Key Takeaways

1. Limited upcoming activity: Only AWP's 1:3 reverse split scheduled in next 30 days (February 9, 2026).

2. Reverse splits dominate recent activity: 57% of past month's splits were reverse consolidations, indicating elevated financial stress among smaller companies.

3. AWP trading windows critical: Hard exclude period is February 2-16; caution period extends through March 11. Plan position adjustments accordingly.

4. Extreme ratios present: ACET's 1:16 and RPT's 1:6 reverse splits signal severe underlying issues. These names warrant significant caution even post-split.

5. Forward split scarcity: Only TRT executed a meaningful forward split (2:1), suggesting strong companies are holding back in current market environment.

6. Timing matters: The 12-day notice for AWP's split is relatively short. Monitor insider activity and news flow closely for clues about management confidence.

7. Historical context: Reverse splits often precede continued underperformance. AWP's 1:3 ratio is moderate (better than 1:5+), but still warrants defensive positioning.

Trading Calendar Guidance

February 2026 - AWP Split Timeline

February 2-8 (Week Before):

• Anticipatory volatility likely increases
• Insider trading blackout period may be in effect
• Exit existing positions if concerned about reverse split implications

February 9 (Split Execution):

• Expect high volatility, wide spreads
• Avoid intraday trading
• Algorithmic systems adjusting to new share structure

February 10-16 (Week After):

• Price discovery phase continues
• Volume patterns may be irregular
• Wait for stabilization before new positions

February 17 - March 11 (Stabilization Period):

• Monitor volume normalization
• Assess any news or earnings releases
• Consider scaled re-entry if fundamentals support

March 12+ (Post-Split Normal):

• Resume standard analysis and trading strategies
• Evaluate whether split addressed listing concerns
• Review insider activity post-blackout period

Additional Context for Analysis

For AWP (Upcoming Split - Most Critical):

• Recent news developments (past 2 weeks): Earnings announcements, guidance changes, management commentary
• Insider trading activity (past 90 days): Buying signals management confidence; selling signals concern
• Congressional trades (past 180 days): Political positioning can indicate institutional sentiment shifts
• SEC filings: 8-K announcing split details, proxy statements, and compliance notices
• Technical analysis: Support/resistance levels, volume trends, and institutional flow

For Recently Executed Splits:

• Post-split performance: Compare price action before vs. after split execution
• Volume normalization: Assess whether liquidity has returned to pre-split levels
• Fundamental developments: Any earnings, guidance, or operational updates since split
• Institutional positioning: Changes in 13F filings from large holders

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