Reported 5 months ago
The article predicts that big-box retailer Costco Wholesale (NASDAQ: COST) will follow in the footsteps of companies like Walmart and split its stock in 2024. Stock splits, which increase the number of outstanding shares while decreasing the stock price, are often seen as a way to make shares more accessible to a broader base of investors. Costco's strong performance and high stock price could make it a potential candidate for a split, despite not having done one since 2000. The article suggests that Costco remains a compelling investment opportunity due to its unique position in the retail sector and its ability to benefit during inflationary environments.
Source: YAHOO