Big news events have dominated Wall Street in 2022. We've witnessed the S&P 500 deliver its worst first-half of a year since 1970, endured the energy supply chain challenges caused by Russia's invasion of Ukraine, and are contending with historically high domestic inflation of 9.1%, as of June 2022.

Yet among these headlines, investors have become enamored with the idea of companies announcing and executing stock splits. A stock split allows a publicly traded company to adjust its share price and outstanding share count without impacting its market cap or operations.

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Source Fool.com