3 Stock-Split Stocks Billionaire Investors Can't Stop Buying
Volatility has been readily apparent on Wall Street for more than three years. Investors have been taken for quite the ride, which has included two bear markets (2020 and 2022), as well as a period where the stock market appeared virtually unstoppable (2021).
When equities get whipsawed, professional and everyday investors often turn to companies that have a history of outperforming. Over the past two years, companies enacting stock splits fit the bill perfectly.
A "stock split" is an event which allows a publicly traded company to change both its share price and outstanding share count while having no effect on its market cap or operating performance. This purely cosmetic change can make a company's shares more nominally affordable for investors who lack access to fractional-share purchases, or can lift a company's share price to ensure it meets the minimum requirements for continued listing on a major exchange.
Source Fool.com
