Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA) made a splash this summer when they announced their respective 4-for-1 and 5-for-1 stock splits. Both stocks ran up in price in August (and have reversed course so far in September) following the news, even though a subsequently lower share price from a stock split doesn't change the stock's fundamental value. Granted, there are some good reasons a company might decide to split its stock, but at the end of the day a split occurs because a business (and thus its share price) is growing. Read More...
3 Tech Stocks That Could Split Soon
Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA) made a splash this summer when they announced their respective 4-for-1 and 5-for-1 stock splits. Both stocks ran up in price in August (and have reversed course so far in September) following the news, even though a subsequently lower share price from a stock split doesn’t change the stock’s fundamental value. Granted, there are some good reasons a company might decide to split its stock, but at the end of the day a split occurs because a business (and thus its share price) is growing.
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