Stocks 3 High-Priced Stocks Ripe for a Split and Surge
Stock splits are all the rage this year. In the last month alone, there’s been a 10-for-1 stock split by Nvidia (NASDAQ:NVDA) and a 50-for-1 split by Chipotle Mexican Grill (NYSE:CMG), one of the biggest events in the history of the New York Stock Exchange. Earlier this year, Walmart (NYSE:WMT) split its stock 3-for-1. And chipmaker Broadcom (NASDAQ:AVGO) executed a 1o-for-1 split on July 15. While it is true that stock splits don’t change the underlying fundamentals or valuation of a stock, they do make the shares more affordable, especially to retail investors. Broadcom’s stock traded on July 12 at $1,700 a share. Now it’s priced at $170. The lower price helps to explain why most stocks get a boost immediately after their shares split. Companies realize this, which is why they continue to split their stocks. Here are three high-priced stocks ripe for a split and surge.
https://investorplace.com/2024/07/3-high-priced-stocks-ripe-for-a-split-and-surge/
