Stock Split Watch: Is O'Reilly Automotive Next?
There was a time not too long ago when a sky-high stock price was an indicator of prestige. The subtle, unspoken message was, "Our stock is only for the upper echelon of investors." Some companies that sported four-figure stock prices in recent history include Apple, Alphabet, and Amazon, to name a few.
Meanwhile, the trading environment has changed. Companies are now seemingly looking to make their stocks more approachable for the average investor. How do we know? All three of the aforementioned tickers have since undergone splits, bringing their share prices down to much less intimidating levels.
Not every company behind high-priced stocks has followed suit though -- at least, not yet. Shares of auto parts retailer O'Reilly Automotive (NASDAQ: ORLY) are still priced at nearly $900 apiece. Don't be surprised, however, if this company is one of the next to pull the stock-split trigger.
Source Fool.com
