3 Stocks Over $100 You Should Buy Now: June 2024
ACLSAxcelis(ACLS) Investor Place·2024-06-11 18:15

The 100persharepricepointisamagicalthresholdformanyinvestorsandcompanies.Stockspricedbelowthatamountareconsideredaffordablewhilethoseaboveitareexpensive.Itiswhywhenmanycompaniesannounceastocksplittheratioappliedistypicallysufficienttogetthesharesbelow100 per share price point is a magical threshold for many investors and companies. Stocks priced below that amount are considered affordable while those above it are “expensive.” It is why when many companies announce a stock split the ratio applied is typically sufficient to get the shares below 100. For example, Chipotle Mexican Grill (NYSE:CMG) trades at over $3,100 per share. Its shareholders just approved a 50-to-1 stock split, one of the largest splits in the history of the New York Stock Exchan ...