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Broadcom (NASDAQ:AVGO) initiated its 10-for-1 stock split on July 15, 2024.Since that split, the AI leader has continued its torrid growth, rallying by more than 25%. Artificial intelligence has ...
For example, Nvidia (NASDAQ: NVDA) went through a 10-for-1 stock split in June 2024 when its shares topped $1,200. The announcement caused NVDA to jump 7% at the opening bell the day after.
A stock split, by offering more shares to current holders, brings down the price of each individual share, something that may be necessary if gains have led a stock to reach very high levels. For ...
Image source: Getty Images. A stock split is a tool publicly traded companies can utilize to adjust their share prices and outstanding share counts by the same factor. A company's market cap and ...
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
Higher-priced stocks such as Apple may offer a higher exchange ratio, such as the company did in 2020 with its 4-for-1 split or its 7-for-1 split in 2014. Why companies split their stock
Stock splits were a major market theme in 2024, with some of the world's biggest names joining the list. Companies across sectors, from Walmart to Chipotle Mexican Grill, launched such operations ...
Many stock trading platforms offer the ability to buy fractional shares. So, no matter how expensive a stock gets, people can still invest in it without the company needing to resort to a stock split.