This Stock-Split Stock Is Up 30% Since Splitting Its Shares
Big tech companies haven't benefited much from their stock splits this year. And understandably so since stock splits themselves don't add value for investors, nor do they make a stock a better buy. It's purely an aesthetic move in an effort to potentially reach investors who can't buy fractional shares. But by and large, it shouldn't change your outlook for a company.
Stock splits may have been a good way to build up hype while investors were buying up meme stocks last year. But now, as there's been a shift more toward value, this type of move hasn't been paying off for companies in the ways they may have hoped it would.
Of course, there are always exceptions. Let's look at one.
Source Fool.com
