Every time a company splits its stock, one of the reasons it gives is that it makes its stock more accessible to smaller investors.
Nvidia (NASDAQ:NVDA) announced May 22 that it was splitting its stock on a 10-for-1 basis. In the two weeks before the shares actually split on June 7, they jumped 27%. They gained another 9% in the week after.
Now, Broadcom (NASDAQ:AVGO), another AI dynamo, is splitting its shares 10-for-1 on July 15. Since it announced its stock split – at the same time as Q2 2024 earnings – AVGO stock is up 22% with a month to go before the split takes effect.
Here are three likely stock split candidates in 2024.
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