TECH - Is Meta Next For A Stock Split? Speculation Grows as Stock Surges Over 450% From 2022 Lows | Benzinga
Meta Platforms, Inc (NASDAQ:META) could be the next company to announce a stock split, as it remains the only one among the “Magnificent Seven” that has not split shares.
Trading at over $500 a share, Meta is considered “ripe for a split,” according to Ken Mahoney, president of Mahoney Asset Management. Meta’s stock has surged more than 450% from its 2022 low, driven by AI interest, buybacks, and a new dividend, Bloomberg reports.
Meta remains engaged in various initiatives to unlock shareholder value. The ...