Stock-Split Watch: Is Palantir Next?
Artificial intelligence (AI) stocks have soared in recent years, and though that's fantastic, when a stock reaches a particularly high level, it may have difficulty climbing even higher. That's why companies such as Nvidia and last year each launched a stock split, a move to bring the price of their shares down to Earth.
Investors like stock splits for a couple of reasons: They make a stock more easily accessible to a broader range of investors, and they also could be viewed as a sign of confidence from the company. When looking for the next potential stock split player, investors generally consider companies that have seen their shares skyrocket. And with this, one particular player comes to mind: Palantir Technologies (NASDAQ: PLTR).
The AI software company last year soared 340% and in the first half of this year climbed more than 80%. Could this highflier be next to split its stock? Let's find out.
Source Fool.com
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