3 Reasons to Buy Shopify Stock Ahead of Its Stock Split
Hot on the heels of similar moves from some other high-profile companies, Shopify (NYSE: SHOP) this week announced plans to carry out a 10-for-1 stock split. That maneuver won't do anything to boost the intrinsic value of the e-commerce services leader, but it could make the stock more attractive and accessible to retail investors.
Split announcements have recently added to the bullish momentum of companies including Alphabet, Amazon, and Tesla, and it won't be surprising if Shopify gets a valuation boost out of this in the near term. However, the company stands out as a great long-term investment, and there are at least three great reasons to buy its shares ahead of the stock split.
Source Fool.com
