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Companies that enact stock splits are usually top performers. ... formerly known as Facebook. Meta went public as Facebook in 2012, trading around $38 per share. ... At 29 times trailing earnings ...
Even though Meta stock has gained impressively in the past year, it is trading at 29.8 times earnings. That's a slight discount to the Nasdaq-100 index's earnings multiple of 31.7 (using the index ...
A stock split simply changes the number of shares that represent a company's total market value. 10 million shares worth $100 each adds up to a $1 billion market capitalization. 100 million shares ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Facebook's share value fell during nine of the next thirteen trading days, posting gains during just four. [41] The next day of trading after the IPO (May 21), the stock closed below its offering price, at $34.03. [41] The stock saw another large loss the next day, closing at $31.00. [41]
Its stock price has reached over $700 per share, a range that many investors begin wondering if a stock split is imminent. Meta has never split its stock before, so this is a bit of uncharted ...
Facebook co-founder Chris Hughes stated in 2019 that CEO Mark Zuckerberg has too much power, that the company is now a monopoly, and that, as a result, it should be split into multiple smaller companies. He called for the breakup of Facebook in an op-ed in The New York Times.
Chipmaker Nvidia recently did a 10-for-1 split, and its stock is trading for around $120. There's definitely room for Meta to do a stock split and remain above the $100 mark.