1 Stock Split Growth Stock to Buy Now
Stock splits are getting a lot of attention this summer: Amazon just completed its 20-for-1 split, Alphabet's 20-for-1 action is coming up fast, Shopify approved a 10-for-1 split, and Tesla's board of directors just signed off on a 3-for-1 split. The four stocks have been clobbered despite the hype. So far in 2022, Amazon is down 36%, Alphabet is down 26%, Shopify has cratered 77%, and Tesla is off 38% as of this writing.
But another tech stock is splitting and outperforming peers: Fortinet (NASDAQ: FTNT). The cybersecurity giant announced the details for a 5-for-1 split on June 9 to little fanfare. Shares have been beaten up a bit, too (down 25% in 2022), but business is booming. Here's why it's a buy now.
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Source Fool.com
