Stock-Split Watch: Is Palantir Technologies Next?
Whenever a company announces plans for a stock split, the market generally cheers the news -- but why?
Technically, a stock split only divides shares into smaller ownership stakes of the company -- like a cutting pie into more slices, it doesn't change anything about the overall size of the pie, nor the value of the company. Still, these financial maneuvers can serve a purpose. By increasing the share count and lowering the share price, they can make it easier for retail investors to buy or sell the stock.
Market high-flyers Nvidia and split their stocks earlier this year after their respective share prices soared to more than $1,000.
Source Fool.com
Broadcom Ltd. Stock
€294.10
0.260%
The stock is one of the favorites of our community with 95 Buy predictions and 1 Sell predictions.
As a result the target price of 318 € shows a slightly positive potential of 8.13% compared to the current price of 294.1 € for Broadcom Ltd..
