MELI - Stock Split Watch: Will Costco and MercadoLibre Split Their Stocks in 2024?
2023-12-28 10:15:00 ET
Investors love stock splits. Although they don't change anything essential about a company or its stock, companies that split their stocks have typically seen them rise in value to such an extent that they need to reduce the price tags to make them more accessible to investors. That indicates these are well-run, well-liked companies, making them intriguing stock picks.
High-profile companies like Amazon , Apple , and Nvidia have recently split their stocks. But despite huge price tags, Costco Wholesale (NASDAQ: COST) and MercadoLibre (NASDAQ: MELI) have yet to follow that route. Will they do so in 2024?
Costco operates a differentiated retail model, so it's not surprising that it doesn't follow the mold with its stock, either. It split its stock four times from 1990 through 2000 but hasn't since -- and that's despite gaining more than 1,300% since then.
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Stock Split Watch: Will Costco and MercadoLibre Split Their Stocks in 2024?