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A stock split is when a company decides to exchange its stock for more (and sometimes fewer) shares of its own stock, with the price per share adjusting so that there is no change in the overall ...
However, there is more to it than that. For starters, a stock split lowers the share price by proportionately increasing the number of shares. In other words, if you have one share of a stock ...
Image source: Getty Images. Why companies launch stock splits. First, a bit of background on stock splits.As mentioned, these operations lower the per-share price of a stock to make it easier for ...
History shows us that in 2 of the 3 previous Nvidia stock splits, after the first three months post-split, the stock went on to climb in the double digits over the next two months. But in the case ...
Stock splits often result in a bump in the stock’s price, simply because more investors are interested in the stock at the new price than were interested at the old price.
That converts to $1.80 per share now that the stock split is in effect, and based on Nvidia's current stock price of $120.88, that places it at a price-to-earnings (P/E) ratio of 67.2.
On the heels of recent sell-offs, Nvidia stock is actually now trading below its closing price on the day of its 10-for-1 split in June. While the artificial intelligence (AI) leader could come ...
Considering this, the stock looks pretty expensive, even at today's lower level. Broadcom, however, looks like a bargain due to its solid track record and its presence in AI -- a hot technology ...