Prediction: Wall Street's Next Stock Split Announcement Will Come From a Company That's Gained 150,000% Since Its IPO
Costco(COST) The Motley Fool·2024-08-23 15:51
Despite tallying total gains, including dividends, of 150,000% since its initial public offering (IPO), this dominant company hasn't split its stock since the start of the century.Despite historically hot trends like artificial intelligence (AI) dominating headlines on Wall Street, it's stock-split euphoria that's played an equally impressive role in sending the broader market higher in 2024.Put simply, a stock split is a tool publicly traded companies can lean on to adjust their share price and outstanding ...