Shopify Stock Split: The Real Reason It Matters
Despite some dramatic sell-offs in recent months, Shopify stock (NYSE: SHOP) has surged more than 800% over the last five years. Due to that incredible performance, the company's shares currently go for more than $600 apiece -- a pricey figure that's probably keeping some retail investors on the sidelines.
In an appeal to everyday investors, Shopify recently announced that it plans to carry out a 10-for-1 stock split. The move could result in substantial share-price gains, just as it has for high-profile companies like Tesla, Alphabet, and Amazon, all of which have also recently unveiled plans for upcoming stock splits.
Source Fool.com