Stock Split Watch: 2 Unstoppable "Magnificent Seven" Stocks That Could Split Their Shares in 2024
Thanks to the advent of low-cost and no-cost trading and the ability to purchase fractional shares at a growing number of brokerages, investing is no longer limited to people with large amounts of available cash. And yet, the idea of buying stocks trading at high per-share prices still makes some investors hesitate when considering a buy. That's probably part of the reason stock splits have enjoyed a resurgence in popularity.
Another reason stock splits are more popular is the onset of a new bull market, which has sent many stocks soaring to new heights and led to double- or triple-digit percentage gains over the past year or so. Some of these top performers are members of the so-called "Magnificent Seven." Here's how the group has fared since the beginning of 2023:
To be clear, a stock split doesn't have any effect on a company's underlying value, but it does make the stock more attractive to everyday investors. Here are two Magnificent Seven stocks that have surged in price and could announce stock splits in 2024.
Source Fool.com
