Stock-Split Watch: 3 Fantastic Growth Stocks That Could Split Their Shares in 2023
One of the most notable developments over the past couple of years has been the reemergence of stock splits. With the debut of low- and no-cost trading, investors no longer need to buy stocks in round lots of 100. Yet with prices that exceed more than $1,000 per share in some cases, a large number of less affluent investors still gravitate toward lower-cost stocks.
As a result of this phenomenon, stock splits are back in vogue. In 2022 alone, numerous companies that are popular with investors split their shares. These included (in the order of their split completion date):
When you consider the fact that stock splits don't change the underlying value of the company, it's easy to dismiss them as a gimmick. However, the above list clearly suggests that businesses still feel the need to keep shares affordable for the average investor. Furthermore, given the general market resurgence in 2023, there are a number of popular companies with stock prices sufficiently high enough to warrant a downward adjustment. With that in mind, here are three stocks that could have splits on the horizon.
Source Fool.com
