Stock Split Fever Is hitting the Market Again With Walmart's and Chipotle's Stock Splits: These 2 Top Stocks Could Follow
The market loves a good stock split. When a company decides to split its shares, it is a reflection of the company's success and also indicates management's confidence in its future. In other words, it's almost always top stocks demonstrating strong performance that go for stock splits.
The two newest stock-split stocks currently gripping the market are Walmart, whose 3-for-1 stock split went through in February, and Chipotle Mexican Grill, which announced a gargantuan 50-for-1 split last week. Both of these stocks are outpacing the broader market this year.
Will other stocks follow? Costco Wholesale (NASDAQ: COST) and (NASDAQ: MELI) are two stocks that look poised for stock splits.
Source Fool.com