Stationery and Office Supplies (SOS), a leading provider of stationery and office supplies, experienced a significant surge in its stock value this week, driven by news of a potential stock split.

The stock led gains over two consecutive days,  in the process, adding $3.6 billion in market capitalization to close at $8.6 billion.

Following Wednesday's trading session, the stock price settled at $34.98, maintaining its upward momentum with a 30 per cent gain on Tuesday and Wednesday.

The board of SOS met on Wednesday to discuss and consider a stock split.

“The market value of SOS stock has been on a consistent growth trajectory, and the liquidity of the stock is also a significant consideration,” said the notice.

In recent announcements, SOS revealed its intentions to expand its warehousing capabilities, specifically through the construction of a spacious warehouse spanning 7,000 square feet at its Beechwood Avenue property in Kingston. The new facility aims to accommodate 200 inventory pallets, establish a dedicated holding area for clients, and provide additional space for the SEEK factory.

The positive financial performance of SOS is also worth noting. In the unaudited financial statements for the first quarter ending on March 31, 2023, the company achieved its highest-ever quarterly revenues, amounting to $519 million. This figure represents a significant 22 per cent increase compared to the corresponding period in 2022, which itself was characterized by an exceptional performance by the company.