Last year was tumultuous in many ways. The U.S. inflation rate tipped the scales at its highest level in 40 years (9.1%), and the all three major U.S. stock indexes were, at one point, firmly entrenched in a bear market.

But amid this turmoil, investors found solace in companies enacting stock splits.

A stock split is an event that allows a publicly traded company to alter its share price and outstanding share count without any impact to its market cap or operations. A forward stock split reduces a company's share price to make it more nominally affordable for retail investors. Meanwhile, a reverse stock split is designed to increase the share price of a public company and is often used to avoid delisting from a major exchange, or perhaps get on the radar of institutional investors.

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Source Fool.com