2 Stock-Split Stocks to Buy Hand Over Fist in 2023 and 1 to Avoid … – The Motley Fool
Two stock-split stocks stand out as amazing deals in the new year, while an ultra-popular stock that split last year is rife with red flags.
There’s no sugarcoating it; 2022 was a brutal year for investors. The respective declines of 9% for the Dow Jones Industrial Average, 19% for the S&P 500, and 33% for the Nasdaq Composite marked their worst returns since 2008.
But if there was one trend that continued to draw optimists throughout the 2022 bear market, it was companies enacting stock splits. A stock split allows a publicly traded company to alter its share price and outstanding share count without impacting its market cap or operating performance.
Last year, well over 200 companies announced and implemented stock splits. However, the type of split that excites investors most is a forward stock split. This is where the share price of a company is reduced and its outstanding share count increases by the same magnitude, Thus, there’s no change in market cap. Companies that…
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source: https://news.oneseocompany.com/2023/01/10/2-stock-split-stocks-to-buy-hand-over-fist-in-2023-and-1-to-avoid-the-motley-fool_2023011039044.html
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