Prediction: Wall Street's Next Stock Split Announcement Will Come From a Company That's Gained 150,000% Since Its IPO
Despite historically hot trends like artificial intelligence (AI) dominating headlines on Wall Street, it's stock-split euphoria that's played an equally impressive role in sending the broader market higher in 2024.
Put simply, a stock split is a tool publicly traded companies can lean on to adjust their share price and outstanding share count by the same factor. The beauty of stock splits is they're entirely cosmetic and have no effect on a company's market cap or underlying operating performance.
There are two types of stock splits -- forward and reverse -- with the former being far more popular than the latter among the investing community.
Source Fool.com
