SHOP - 1 Excellent Stock-Split Stock to Buy Hand Over Fist
2023-08-22 08:03:53 ET
There have been several high-profile stock splits over the past few years, and many have attracted quite a bit of buzz. Of course, a stock split doesn't change a company's fundamental investment thesis, and in a day and age when many low-fee online brokers offer fractional shares, the benefits of these moves for investors aren't what they used to be.
Still, those major corporations that recently opted to split their stocks attract plenty of attention. One of them is e-commerce giant Shopify (NYSE: SHOP) . In my view, the attention is justified in this case -- just not because of the stock split. Instead, there are excellent reasons to buy shares of this tech giant and hold on to them for a while.
Shopify's 10-for-1 stock split went into effect about a year ago -- on June 29, 2022. Here is how the company's shares have performed since then versus the S&P 500 .
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1 Excellent Stock-Split Stock to Buy Hand Over Fist