Stock Split Watch: Is This E-Commerce and Fintech Pioneer Next?
A number of technology's brightest stars have made headlines over the past couple of years by announcing stock splits. Tesla, Amazon, Alphabet, and Shopify jumped on the bandwagon in 2022, following in the footsteps of Apple, The Trade Desk, and Nvidia, which pared their shares in 2021. Investors have been captivated by stock splits, resulting in renewed attention on the companies that do them.
One disruptive company that could soon join the ranks of the stock-split elite is e-commerce pioneer MercadoLibre (NASDAQ: MELI). Since going public in 2007, the stock has gained a remarkable 3,270% -- and that's even after the recent meltdown in technology stocks. While it doesn't change the robust fundamentals of the company, there's one compelling reason a stock split might make sense in this case.
MercadoLibre is a pioneer in its field and may be one of the most successful companies most investors have never heard of -- so a short primer might be in order.
Source Fool.com
