2023-10-08 07:00:00 ET
After spending much of last year headed in the wrong direction, Wall Street turned the tables in 2023, with many stocks making up lost ground. Each of the major market indexes climbed at least 20% from their respective bottoms, though they have since given back some of those gains. Some market enthusiasts continued to herald the dawn of the next bull market, but given the current weakness, others are waiting for the market indexes to achieve new highs -- just to be sure.
While this was in marked contrast to 2022, some investors continue to draw inspiration from stocks that split their shares over the past few years. While stock splits don't change the underlying value of the company in question, they are historically preceded by a period of strong financial and stock performance, leading them to split their shares.
A number of high-profile companies have enacted stock splits over the past couple of years, including:
For further details see:
A Bull Market Is Coming: 2 Magnificent Stock-Split Growth Stocks That Could Soar 40% and 51%, According to Wall Street