Reported 5 months ago
The article discusses stock-split stocks that billionaires are either buying or selling, highlighting companies like Chipotle Mexican Grill and Sony Group that have announced forward stock splits. Billionaires have been adding shares of Chipotle in anticipation of a 50-for-1 split, impressed by the company's innovation and growth. Similarly, Sony Group's 5-for-1 split announcement has attracted the interest of billionaire investors due to its high-margin segments like PlayStation Plus and image sensors for smartphones. On the other hand, Walmart, which recently completed a 3-for-1 stock split, saw some billionaires selling off shares, possibly due to concerns about the U.S. economy and Walmart's valuation.
Source: YAHOO