Reported 6 months ago
Nvidia recently announced a 10-for-1 stock split, becoming the 8th company this year to do so, following Walmart and Chipotle. Stock splits, although not impacting a company's value, are historically bullish according to Bank of America, with average returns one year later at 25%. This move indicates strength in the business, making shares more accessible and increasing liquidity. Bank of America identified 36 S&P 500 companies potentially ripe for stock splits, with eight having share prices over $1,000, including Booking Holdings and NVR Inc.
Source: YAHOO