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