LLY - Will Eli Lilly Do a Stock Split in 2024?
2024-07-18 05:23:00 ET
Stock splits can sometimes be an effective way for a company to generate excitement around its stock. It's a sign that the company is doing well, and by lowering the price of the stock through a split, the shares can become more accessible to a wider pool of investors. It's why shares often rally following a stock split.
One stock that's starting to get up there in price is Eli Lilly (NYSE: LLY) . Its shares are getting close to $1,000, and there could be a case for the company to deploy a stock split, perhaps as early as this year. Should investors expect one in the near future?
The healthcare company hasn't done a stock split in decades; its last one was a 2-for-1 back in 1997. While that's definitely a long time ago, there arguably hasn't been the need for Eli Lilly to do one. Until 2018, the stock wasn't even trading above $100.
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Will Eli Lilly Do a Stock Split in 2024?