1 Stock Split Stock to Buy and Hold for Decades, and 1 to Avoid Like the Plague
Only six months into 2024, investors have gotten a front row seat to a number of stock splits. Walmart completed a split earlier this year, while Chipotle shareholders recently approved a 50-for-1 split set to occur very soon.
Among prominent stock-split stocks, two in particular stick out. Semiconductor behemoth Nvidia (NASDAQ: NVDA) recently completed a 10-for-1 split in early June. Around the same time, Virgin Galactic (NYSE: SPCE) executed a 1-for-20 reverse stock split.
Let's explore which of these companies looks like a terrific opportunity for long-term shareholders and which one investors are best off avoiding.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 92 Buy predictions and no Sell predictions.
With a target price of 73 € there is a slightly positive potential of 7.92% for Walmart Inc. compared to the current price of 67.64 €.