Tech Sell-Off: 1 Stock-Split Stock to Buy Now and Hold Forever
The stock market has given investors a bumpy ride in 2022, particularly for those invested in the technology sector. The Nasdaq 100 index is down 19% year to date, but it has declined over 20% from its all-time high set in December 2021. That places it in bear market territory.
Some large companies have turned to unconventional methods to buoy their stock prices amid the volatility. Tesla (NASDAQ: TSLA) is one of a handful that has elected to split its stock in a bid to make it more attractive to smaller investors. While the move doesn't add any value to the underlying company, Tesla's recent operational performance certainly does.
Image source: Tesla.
Source Fool.com
