3 Stock-Split Stocks Billionaires Are Selling and the 1 Surprising Stock-Split Stock They're Piling Into
There are a lot of ways to make money on Wall Street. Over the past couple of years, gravitating to stocks enacting splits has been one of the more profitable strategies.
A stock split is an event that allows a publicly traded company to change its share price and outstanding share count (by the same magnitude) without having any impact on its market cap or operating performance. It's a cosmetic move that can make shares more nominally affordable for everyday investors, as with a forward stock split, or can increase a company's share price to avoid delisting from a major exchange, as with a reverse stock split.
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Source Fool.com
