Stock-Split Watch: Is Palantir Next?

Last year, the words "stock split" rang out across the market pretty often. Some of the world's biggest and most exciting companies across industries from tech giant Nvidia to top retailer Walmart and fast-casual chain Chipotle Mexican Grill launched these operations -- to the delight of investors.

Why should we love stocks splits so much? It's true they don't change anything fundamental about a company, meaning you shouldn't buy a stock uniquely because it's splitting its stock. But a split is positive because it lowers the price of each individual share, opening up the investment opportunity to a broader range of investors. And such an operation generally is a positive sign from the company itself, suggesting it's confident in the stock's ability to take off once again.

Now the question is: Which stock may be next to launch one of these popular operations? Stocks that have soared in recent times represent great candidates. And one that fits the bill right now is a player that led gains in the S 500 last year, surging 340%. I'm talking about artificial intelligence (AI) software player Palantir Technologies (NASDAQ: PLTR). Could this top stock be next to announce a split? Let's find out.

Continue reading

Source Fool.com