eXp World's 2-for-1 Split Takes Effect Today

After the close of trading Friday, eXp World Holdings (NASDAQ: EXPI) did a 2-for-1 stock split, hopefully its first of many. The company has had torrid growth recently, with the share price running up 1,300% in the last year.

The virtual real estate agency likes to use its stock to reward and motivate its agents. "Our decision to effectuate this stock split provides added flexibility to continue leveraging various stock programs for our agents, brokers and staff that help fuel our growth," explained founder and CEO Glenn Sanford when the company announced the move.

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Source Fool.com