Intuitive Surgical Stock Split: Everything You Need to Know
Robotic surgical pioneer Intuitive Surgical, Inc. (NASDAQ: ISRG) has had quite a run lately. So far this year, shares are up 56%, and over the past three years, the stock has more than doubled. With shares near all-times highs at close to $1,000 per share, a side effect of the company's good fortune is that it has recently announced plans for a 3-for-1 stock split in early October.
While the move is largely a non-event (and I'll explain why in a moment), it does highlight the impressive nature of Intuitive Surgical's recent results and presents a great opportunity to review the specifics of the split and understand why the company would take such a step.
What will Intuitive Surgical's stock split mean to investors? Image source: Intuitive Surgical.
Source: Fool.com
Intuitive Surgical Inc Stock
The stock is an absolute favorite of our community with 36 Buy predictions and no Sell predictions.
However, we have a potential of -2.58% for Intuitive Surgical Inc as the target price of 396 € is below the current price of 406.5 €.
