MELI - Nvidia and Broadcom Announced 10-for-1 Stock Splits. This Nasdaq-100 Stock Is Most Likely to Split Next.
2024-07-07 05:12:00 ET
Nvidia shares have surged 760% since the beginning of 2023, and Broadcom shares have surged 205% during the same period. Nvidia has already reset its share price by completing a 10-for-1 stock split on June 7, and Broadcom has a 10-for-1 stock split planned for July 12.
Importantly, Nvidia was the fourth-most expensive stock in the Nasdaq-100 prior to its split, and Broadcom is currently the third-most expensive stock in the index. That's not surprising. The primary purpose of a forward stock split is to reduce the share price, thereby making the stock more accessible and more liquid.
With that in mind, the Nasdaq-100 stock most likely to split next is the one with the highest price, which is Booking Holdings . However, as my colleague Jon Quast eloquently describes, CEO Glen Fogel opposes the idea of a stock split . So, we can strike Booking Holdings from the list and move on to the next most expensive stock, MercadoLibre (NASDAQ: MELI) .
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Nvidia and Broadcom Announced 10-for-1 Stock Splits. This Nasdaq-100 Stock Is Most Likely to Split Next.