SHOP - 2 Stock-Split Growth Stocks That Could Make You Richer
2023-11-19 12:00:00 ET
A stock split allows a company to lower its stock price by dividing each share into smaller units without changing its market cap -- the value of all its shares combined. This process has no impact on business fundamentals, but it can make the equity more accessible to retail investors who don't have access to fractional shares.
Let's explore why two recently split stocks, Celsius Holdings (NASDAQ: CELH) and Shopify (NYSE: SHOP) , look poised for sustainable bull runs.
On Nov. 15, Celsius Holdings completed a 3-for-1 stock split that took its shares from around $150 to just over $50 at the time of writing. The move caps off an impressive rally of 55% year to date in 2023. And despite a somewhat rich valuation, the beverage maker can continue outperforming because of its rapid growth rate and deep economic moat .
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2 Stock-Split Growth Stocks That Could Make You Richer