Alphabet, Amazon, Tesla, and Shopify Stock Splits: Which High-Flying Stocks Are Next to Split?
There has been no shortage of news events to keep investors busy this year. The coronavirus pandemic, historically high inflation, and the invasion of Ukraine by Russia, are just some of the major market-moving events.
But among the many catalysts captivating Wall Street, stock split-mania has seemingly risen to the top of the list.
A stock split is a way for publicly traded companies to alter their share price and outstanding share count without affecting their market cap or underlying business. It's an aesthetic move that primarily benefits retail investors who may not have access to fractional-share purchases. When high-flying stocks split their shares, they're simply lowering their share price to make it more affordable (on a nominal basis) for retail investors.
Source Fool.com
