Stock-Split Watch: 3 Red-Hot Tech Stocks That Could Split Their Shares in 2024
One of the most intriguing developments for investors over the past few years has been the return to popularity of stock splits. By and large, these moves have come on the heels of strong business performance, leading to equally strong stock price appreciation. Since stock splits don't have any effect on the underlying value of the business, the primary reason cited by companies is the desire to keep their shares affordable for the average retail investor.
A look back at the past couple of years helps highlight this trend as numerous high-profile companies split their shares. These included:
A look at a few of the top-performing stocks of last year suggests there could be more stock splits on the docket in 2024.
Source Fool.com
