Stock splits have been popular over the last few years. Among the high-profile stocks that have split their shares since 2020 are Tesla, Apple, Alphabet, Amazon, and Shopify, among others.

Given that hit parade, it's not surprising that investors would be wondering if some other closely watched stocks could follow. One potential candidate is Costco (NASDAQ: COST), which is hovering around $500 a share currently.

Before considering whether Costco will go ahead with a stock split, let's review the reasoning behind stock splits.

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Source Fool.com