Is It Too Late to Buy These 2 Stock Split Stocks?
Stock splits have been hot lately as some top companies have decided that dividing up their stocks into smaller portions will benefit the companies and their shareholders. Whether stock splits are advantageous to anyone is debatable, but historically, splitting the stock into smaller portions at cheaper prices does tend to achieve at least an initial jump in the price.
Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) both split their stocks in June, and both stocks are up around 10% since their respective stock splits as of this writing. Is it too late to buy in?
Amazon's growth has been disrupted by tough year-over-year comparisons and the same inflation and rising costs that every other retailer is facing. Revenue increased 7% in the second quarter of 2022, and the company posted its second net loss in a row.
Source Fool.com
