NVIDIA and The Trade Desk Stock Splits: Here's What Investors Need to Know
NVIDIA (NASDAQ: NVDA) and The Trade Desk (NASDAQ: TTD) made headlines recently when the high-growth technology companies each announced an upcoming stock split. Both businesses said the goal of their respective stock split was to make shares more accessible to employees and a broader base of prospective investors. Both companies' stocks have run substantially higher over the past 12 months, with The Trade Desk stock up 83% over the past year, while NVIDIA has gained 73% (as of this writing).
This offers at least a partial justification for the companies to split their shares. The Trade Desk and NVIDIA are currently trading at roughly $561 and $626, respectively. Given the high sticker price, a stock split will make shares of each company more accessible to individual investors that might have smaller amounts of money to invest.
How will the respective stock splits work? And perhaps more importantly, should investors buy The Trade Desk or NVIDIA shares because of the upcoming stock splits?
Source Fool.com
