Search results
Results from the WOW.Com Content Network
The first stock-split stock that can be purchased with confidence in the new year is arguably the most unique of all splits from 2024: satellite-radio operator Sirius XM Holdings (NASDAQ: SIRI).
Companies will generally make the decision to split their shares after years of strong growth and solid financial results that fuel a surging stock price. This year provides a few excellent examples:
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
Companies can remedy that with a stock split, multiplying the number of shares they have in circulation while simultaneously reducing the stock price proportionately. For example, a 10-for-1 stock ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
It completed a 3-for-1 split in September 2022, which reduced its stock price to $180 (from $540 before the split). However, the stock has surged 112% since then to trade at $383 as of this writing.
Not all stock-split stocks share the same outlook, ... 1 Unique Stock-Split Stock That's a Screaming Buy in November, and 2 to Avoid. Sean Williams, The Motley Fool. November 4, 2024 at 4:51 AM ...
There's been a resurgence in the popularity of stock splits in recent years. The practice was fairly common during the late 1990s before fading into obscurity, only to come roaring back to life ...