Investors love companies that split their stocks. While a stock split doesn't change any of the underlying fundamentals of a company or its stock valuation, it can be a strong signal to investors from management. A company wouldn't act to lower the price of an individual share of its stock if it wasn't confident the share price would move higher over time.

There's a growing list of high-profile growth companies that have split their stocks over the last two years. The newest addition to that list, Celsius Holdings (NASDAQ: CELH), is one for investors to consider adding to their portfolio if they haven't already.

Celsius completed its 3-for-1 stock split on Nov. 15. Shareholders of record on Nov. 13 each received two additional shares for each share they owned. As a result, Celsius' share price was cut by two-thirds. While the number of shares they owned increased, shareholders' positions were the same value after the stock split as they were before.

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Source Fool.com