Will Broadcom Stock Soar After Its 10-for-1 Stock Split? Here's What History Shows.
You'll see what appears to be a huge decline in 's (NASDAQ: AVGO) share price when the stock market opens for trading on Monday, but don't be alarmed. The giant semiconductor maker conducted a 10-for-1 stock split following the market close on July 12.
The "decline" for Broadcom will be the equivalent of dividing one piece of pizza into 10 slices. The slices are smaller, but there's just as much pizza to enjoy.
With pizza, though, there's no chance that the smaller slices will miraculously grow larger. It just might be a different story with Broadcom. Will the stock soar after its 10-for-1 stock split? Here's what history has shown.
Source Fool.com