In recent years, there has been a significant surge in the popularity of stock-split stocks. While stock splits do not immediately alter a company's market value, they help enhance the stock's liquidity by increasing the number of shares in circulation and making them more affordable for retail investors.

By countering the market perception that the stock is overstretched or inaccessible, stock splits can help enhance overall trading activity and give at least a small boost to the company's market capitalization in the short run.

Management usually plans for a stock split when it believes the company's share price has become excessively high. A look at a few high-quality, high-flying stocks seems to hint at the possibility of a stock split in 2024. These stocks can also prove to be good picks this year.

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Source Fool.com