3 Tech Stocks That Could Split Soon
Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA) made a splash this summer when they announced their respective 4-for-1 and 5-for-1 stock splits. Both stocks ran up in price in August (and have reversed course so far in September) following the news, even though a subsequently lower share price from a stock split doesn't change the stock's fundamental value.
Granted, there are some good reasons a company might decide to split its stock, but at the end of the day a split occurs because a business (and thus its share price) is growing. Three other tech companies that have been growing fast and could follow Apple and Tesla's lead are Intuitive Surgical (NASDAQ: ISRG), Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), and Amazon (NASDAQ: AMZN).
Image source: Getty Images.
Source Fool.com
