2 Stock-Split Stocks That Could Double Your Money in 5 Years
Several technology companies opted for stock splits in 2022 in a bid to make their shares more attractive to investors amid the broader stock market sell-off.
A stock split is basically a cosmetic move that reduces a company's stock price while proportionally increasing the number of shares outstanding. Individual shareholders gain shares of the company but each share is worth less, so the overall holding remains unchanged. It does nothing to alter the fundamentals of the company making the split or affect its prospects going forward. Still, some of the companies that went down this route in 2022 may be on their way to delivering handsome returns to investors in the long run.
Shopify (NYSE: SHOP) and Palo Alto Networks (NASDAQ: PANW) are two businesses that executed stock splits in 2022. Let's look at the reasons why these two companies could double investors' money over the next five years.
Source Fool.com
