SHOP - Is It Too Late to Buy These 2 Stock-Split Stocks?
2023-08-27 10:00:00 ET
Last summer, there was stock-split fever. Stock splits have value for a company because it becomes easier for investors to buy shares. Inevitably, stock prices rise after splits. You can't split your stock all the time, but the practice is a tool in a company's arsenal which they choose to use when it makes sense. Last summer, during the height of the bear market, it made sense for companies to try to boost interest in their stocks by making it more inviting to purchase them. Several companies with high price tags used that opportunity, and as expected, prices spiked afterward.
A year later, the initial jump is far in the past. But does that mean it's too late to buy? Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) are two companies that benefited from their stock splits. Let's see how they're doing today.
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Is It Too Late to Buy These 2 Stock-Split Stocks?