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Specifically, Broadcom announced a 10-for-1 stock split after the market closed on June 12. Its share price has increased 3% since the market opened the following day, leaving implied upside of ...
The stock will begin trading on a split-adjusted basis when the market opens on July 15. Using today's price of $1,678 as a guide, the new price after market open would be around $167.
Broadcom (NASDAQ:AVGO) initiated its 10-for-1 stock split on July 15, 2024. Since that split, the AI leader has continued its torrid growth, rallying by more than 25%.
Inspire Brands LLC is an American fast-food restaurant franchise company. Owned by Roark Capital Group, it owns the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts, and Baskin-Robbins chains, which have a combined 31,700 locations and US$30 billion in system sales.
First logo of Dunkin' Brands. In 2004, Allied Domecq Quick Service Restaurants was renamed "Dunkin' Brands, Inc.". On December 12, 2005, Pernod Ricard, which had just taken control of Allied Domecq, announced the sale of Dunkin' Brands to a consortium of private equity firms consisting of Bain Capital, The Carlyle Group and Thomas H. Lee Partners for $2.425 billion in cash.
Following the recent completion of Nvidia's 10-for-1 forward split and Chipotle Mexican Grill's historic 50-for-1 stock split, the time has come for AI networking solutions provider Broadcom ...
Broadcom wouldn't even be the first company to split its stock multiple times in a short period. Tesla executed two stock splits in the two years between August 2020 and 2022.
Savvy investors like stock splits for two reasons: They make stocks more accessible by reducing the share price, and they can be roundabout indicators of high-quality companies.