1 Under-the-Radar Growth Stock to Buy and Hold
When you think of Nasdaq (NASDAQ: NDAQ), you probably think of the exchange or its indices, which are the leading benchmarks for technology and growth stocks. However, Nasdaq Inc. is also a company that itself trades on the Nasdaq Stock Exchange. And while the exchange is a household name for investors, Nasdaq's stock largely flies under the radar compared to other tech stocks.
The stock is, in fact, beating the exchange it owns, trading down about 14% year-to-date, while the Nasdaq Composite is off 20% as of Aug. 1. Here is why Nasdaq, the stock, stands out on Nasdaq, the exchange.
Nasdaq is currently trading at about $180 per share, but that will soon change as the company has been approved for a 3-for-1 stock split. That means that every shareholder as of Aug. 12 will get two additional shares for each already owned, but each share will be worth about $60. The split will take place after the markets close Aug. 26 and start trading on Aug. 29.
Source Fool.com
