SONY - Should You Buy Sony Before Its Stock Split?
2024-05-30 07:50:00 ET
Over the last few years, many large technology companies have chosen to split their stock. Notable examples include Amazon , Alphabet , Tesla , and Nvidia .
However, more recently, a number of consumer goods businesses have also engaged in stock splits following sharp rises in share prices. Energy beverage maker Celsius and big-box retailer Walmart both did so within the last year. Fast-casual restaurant chain Chipotle Mexican Grill is on the verge of one, pending shareholder approval next month .
During its fiscal 2023 fourth-quarter report on May 14, Sony Group (NYSE: SONY) announced plans for a 5-for-1 stock split on Oct. 1. Shares of Sony's American depositary receipts (ADRs) will reflect the split-adjusted price.
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Should You Buy Sony Before Its Stock Split?