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Here's why Costco stock might be headed for a split in 2025 and whether the 100,000%+ returner since its initial public offering (IPO) is a buy for investors today.
Costco stock is a consistent market-beating stock, and it's up 34% year to date. It hasn't split its stock in nearly 25 years, and it has gained 2,780% since then.
On a split-adjusted basis, one Costco share was worth $1.67 at the initial public offering price. At today's levels, each of those shares -- not split-adjusted and including dividends -- would be ...
Traditionally, a company would split its stock after a strong run, when a high price-per-share would potentially sideline new small-dollar investors who might not be able to invest $500 or $1,000 ...
Costco (NASDAQ: COST) is arguably the best brick-and-mortar business in the world.. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free ...
However, the stock is expensive, especially for a retailer, trading at a price-to-earnings ratio of about 50, meaning that even 30% profit growth isn't necessarily enough to drive the stock higher.
But after the suggested 50-for-1 split, the share price should drop to roughly $62 on the morning of June 26. ... Costco hasn't announced a stock split or arranged for a shareholder vote on the ...
Costco Wholesale (NASDAQ: COST) shares didn't close above $1,000 by late 2024, but they flirted with that impressive figure. The stock rose 50% through mid-December, doubling the rally in the S&P 500.