COLE STOCK PRICE FALLS AFTER SPLIT
NEW YORK — Shares in Kenneth Cole Productions closed down slightly Tuesday after the company completed a previously announced 3-for-2 stock split.
On the New York Stock Exchange Tuesday, the company’s shares opened at 40 3/16, slid to a low of 38 3/8 in the late afternoon and closed at 38 5/8.
Despite Tuesday’s dip, Kenneth Cole is still a leading performer among apparel stocks. Adjusted for the split, the stock set a 52-week high of 40 1/4 on Monday, up from a low of 15 3/4 last March.