After a dismal performance in 2022, the capital markets came roaring back last year. These gains have poured over into 2024, with the S 500 index returning an impressive 45% since last January.

Given the meteoric rise in equity prices, it's not entirely surprising to learn that stock splits have seen an uptick. Although stock splits do not inherently change the valuation of a company, the lower share price generally provides a way for a broader base of investors to buy the stock.

Some notable companies that have pursued stock splits this year include Nvidia, Broadcom, , and Chipotle Mexican Grill.

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Source Fool.com