If I Had to Buy 1 Stock-Split Stock, This Would Be It
The stock market is having a rocky 2022 so far, with the benchmark S&P 500 index falling 7.8% year to date. The tech-centric Nasdaq 100 is faring even worse, losing about 15%. Companies are turning to unconventional methods to buoy their share prices, and initiating a stock split seems to be the go-to move for some of them.
Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), Shopify (NYSE: SHOP), and Google parent company Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) have all announced plans to split their stocks this year. The goal is to make their respective shares more affordable for retail investors, who typically have a smaller amount of money to deploy into the market.
But if I had to buy one company splitting their stock in 2022, there's a clear no-brainer.
Source Fool.com
