Is a Stock Split Overdue for These 2 Stocks?
Stock splits seem to be all the rage on Wall Street these days. Amazon, Shopify, and now Tesla are just some of the big names that either have split, or plan to split, their shares. Although it doesn't fundamentally change your investment in any way, it almost seems like an attention-grabbing move that companies are deploying right now to try to stir up some excitement in a beaten-up stock market.
And there could be even more potential stock splits out there. A couple of stocks that may be overdue for a split include Thermo Fisher Scientific (NYSE: TMO) and Microsoft (NASDAQ: MSFT).
Thermo Fisher trades at more than $500 per share. Even at a 2-for-1 split, its price would still be high at around $250. The company can easily justify making a large stock split and jump on the bandwagon. And with its shares down 23% since the start of the year (slightly worse than the S&P 500's 20% drop), a little bit of the spotlight could potentially help it gain some traction.
Source Fool.com
