CorVel announces effectiveness of three-for-one forward stock split

CorVel (CRVL) Corporation announced the effectiveness of a three-for-one forward stock split, along with a proportionate increase in the number of authorized shares of its common stock to accommodate the stock split. As a result of the stock split, every one share of common stock outstanding or held in treasury on December 23, the record date for the stock split, was split into three shares of common stock. The additional shares of common stock are expected to be distributed on December 24. Trading is expected to begin on a post-stock split adjusted basis at market open on December 26.