SHOP - These 2 Stocks Splits Stocks Are Soaring in the Triple and Double Digits. Here's Why It's Not Too Late to Buy Them.
2023-09-15 06:00:00 ET
Several of the world's most exciting companies completed stock splits last year, an operation that lowers the value of each individual share. Companies often launch a stock split after their shares have soared. With a lower share price, the stock becomes more accessible to a broader range of investors.
These operations aren't known to boost share performance -- but it just so happens that two of last year's stock split companies have seen their shares take off this year. I'm talking about Tesla (NASDAQ: TSLA) and Shopify (NYSE: SHOP) .
Telsa has surged in the triple digits, while Shopify has advanced in the double digits. Why? Investors are recognizing these companies have what it takes to deliver even more earnings and share price growth down the road.
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These 2 Stocks Splits Stocks Are Soaring in the Triple and Double Digits. Here's Why It's Not Too Late to Buy Them.