MELI - Stock Split Watch: Is MercadoLibre Stock Next?
2023-03-25 09:00:00 ET
Fewer things spark interest in a stock more than a stock split. Even though this is primarily a cosmetic action (because it doesn't do anything to affect the core value of a company), a lower stock price may give more investors access to the stock, especially if their brokerage doesn't offer fractional shares.
One stock that could be reaching the point of a stock split is Latin-American e-commerce giant MercadoLibre (NASDAQ: MELI) . Let's dive into why I think it could be next and any implications that may have.
Since going public at $18 per share in 2007, MercadoLibre hasn't split its stock once. With the stock around $1,200 now, it could be nearing a point where it makes sense.
For further details see:
Stock Split Watch: Is MercadoLibre Stock Next?