2 Stock-Split Stocks the Smartest Investors Are Buying Hand Over Fist
In the wake of last year's historic downturn, 2023 appears to be coming up roses, at least so far. A combination of high inflation, rising interest rates, and rampant pessimism foiled efforts by investors to remain upbeat last year. As a result, each of the major stock market indexes plunged into bear market territory, resulting in Wall Street's worst performance in more than a decade.
The macroeconomic conditions and the bear market aside, one of the biggest developments in recent years has been a resurgence in popularity of stock splits. This is the process by which a company reduces the price of its stock while simultaneously increasing its share count by a commensurate amount, thereby making the stock more affordable to a greater number of retail investors. stock splits tend to attract attention because they are typically employed by wildly successful companies with soaring stock prices.
It should be no surprise, then, that some of the world's most successful investors have been stocking up (if you'll pardon the pun) on companies that recently split their shares. Let's look at two of their most notable acquisitions.
Source Fool.com
