Anaheim-based Pacific Sunwear of California Inc. said...

Anaheim-based Pacific Sunwear of California Inc. said Tuesday that it is declaring a 3-for-2 stock split to make its shares, which reached a record price last week, affordable to more investors. It’s the second stock split in a year for the clothing retailer, which targets the teenage market. In October, it had approved another 3-for-2 split. The company’s shares rose $1.13 to close at $45.13 on Nasdaq on Tuesday. The shares hit a record $46.25 last Wednesday.