Over the last few years, many large technology companies have chosen to split their stock. Notable examples include Amazon, Alphabet, Tesla, and Nvidia.

However, more recently, a number of consumer goods businesses have also engaged in stock splits following sharp rises in share prices. Energy beverage maker Celsius and big-box retailer Walmart both did so within the last year. Fast-casual restaurant chain Chipotle Mexican Grill is on the verge of one, pending shareholder approval next month.

During its fiscal 2023 fourth-quarter report on May 14, Sony Group (NYSE: SONY) announced plans for a 5-for-1 stock split on Oct. 1. Shares of Sony's American depositary receipts (ADRs) will reflect the split-adjusted price.

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Source Fool.com