Stock Split Watch: 3 Incredible Growth Stocks That Could Split Their Shares in 2023
One of the most noteworthy developments over the past several years has been a resurgence in the popularity of stock splits. With the introduction of no-cost and low-cost stock trading, brokerages no longer require investors to buy stocks in round lots of 100 shares. Yet, with prices frequently between $400 and $1,000 per share, many everyday investors are more likely to buy lower-priced stocks.
This trend shows no signs of slowing, and stock splits are once again all the rage. Last year alone, a number of investor-favorite companies split their shares. Among them:
Stock splits don't change the underlying value of the business, causing some investors to dismiss them as unnecessary. However, the preceding list makes it clear that businesses still believe it's important to keep shares affordable for retail investors. Furthermore, given the broader market recovery thus far in 2023, many popular stocks have risen to a level that might warrant a lower share price.
Source Fool.com
