Which companies can potentially be next to announce a stock split.
Can Nvidia (NASDAQ: NVDA), Super Micro Computer (NASDAQ: SMCI), Ulta Beauty (NASDAQ: ULTA), and Meta Platforms Inc. (NASDAQ: META) be next stocks to split. Essentially, a stock split does not change the fundamentals of a company and is purely cosmetic, nonetheless, as stock splits generally make a company’s shares more accessible to a broader range of potential investors, and is often well-received on Wall Street, and stocks usually react positively.
NVDA, trading at 822.79 and up over 66% YTD, has an interesting history with stock splits, having achieved five since 2000. The most recent one took place in July 2021, when the company chose a 4-for-1 stock split, making it a plausible contender for another such event.
SMCI’s potential for a split seems to be mainly due to its rising share price, which has recently reached triple digits. However, the company has not yet executed a stock split, leading to speculation and increased interest in market discussions.
META’s position is also captivating. Despite never having carried out a stock split, its high-performing stock value, which peaked at about $490 last week, has led to speculation about potential actions.
Lastly, Ulta Beauty (ULTA), stock has risen nearly 13% on a YTD basis to trade above $550 per share. However, over the past year, the shares have only increased by 6.5%.
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