Reported about 1 month ago
This week, attention shifts to Sirius XM Holdings and Cintas, two new entrants in the stock-split arena, as they prepare for significant splits. Sirius XM will undergo a 1-for-10 reverse split to boost its share price amid merger moves, while Cintas is set for a 4-for-1 split after a remarkable share price rise since its IPO. Despite recent popularity of stocks like Nvidia, these new splits indicate a continuing trend on Wall Street, reflecting investor interest in companies making strategic financial adjustments.
Source: YAHOO