Meet the Unique Stock-Split Stock Warren Buffett Has More Than Tripled His Stake In
Although artificial intelligence (AI) has been the can't-miss innovation that's powered all three of Wall Street's major stock indexes to record-closing highs, stock-split euphoria has, arguably, been just as important in 2024.
A stock split allows publicly traded companies the opportunity to superficially adjust their share price and outstanding share count by the same factor. These changes are cosmetic in the sense that they don't affect a company's market cap or its operating performance.
Splits come in two variations, with investors gravitating to one far more than the other. On one hand, there are reverse-stock splits, which are geared toward increasing a company's share price. Reverse splits are often effected to ensure a company's stock meets the continued minimum listing standards on a major exchange.
Source Fool.com
