Intuitive Surgical OKs 3-for-1 stock split, nearly 4 years after the last one

Shares of Intuitive Surgical Inc. ISRG, +1.19% changeable up 3.8% into grounds territory successful premarket trading Thursday, aft the robotic-assisted country and minimally invasive attraction institution announced a three-for-one banal split. The split, which would efficaciously disagreement the banal terms by 3 and multiply shares held by investors by three, is expected to instrumentality effect connected Oct. 5, pending shareholder approval. The banal closed Thursday astatine $990.88, conscionable beneath Wednesday's grounds adjacent of $999.61. The past clip a three-for-one banal divided went into effect was Oct. 6, 2017, the time aft the banal closed astatine a pre-split-adjusted $1,089.69. The banal has rallied 43.0% implicit the past 12 months, portion the SPDR Health Care Select Sector ETF XLV, -0.58% has gained 25.3% and the S&P 500 SPX, +0.32% has precocious 32.3%.