Nvidia Just Completed a 10-for-1 Stock Split. Here's What to Look for Next.
Nvidia (NASDAQ: NVDA) shares soon will trade at about a 10th of last week's price -- and for good reason. The company just completed a 10-for-1 stock split, and that's why as of the opening of today's trading session, you can get in on Nvidia stock with a little more than $100 instead of more than $1,000.
Stock splits, by offering more shares to current holders, lower the price of each individual share, making it easier for a broader range of investors to buy a particular Stock. With its split, Nvidia joined the ranks of many technology companies that had seen their shares soar -- so made the move to rein them in and potentially prepare for a whole new era of growth. Companies from to Amazon and Tesla all have performed stock splits over the past few years.
Seeing Nvidia's share price roar past $900 earlier this year, investors speculated about a potential split, and when it was announced -- along with a stellar earnings report -- late last month, the stock surged past $1,000. So now that Nvidia has completed this much-awaited operation, here's what to look for next.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 167 € there is a slightly positive potential of 7.69% for Alphabet Inc. C compared to the current price of 155.08 €.
