Nearly one year ago, I predicted that Intuitive Surgical (NASDAQ: ISRG) was headed for a stock split . My view was that it was a matter of when and not if. Sure enough, last week, the robotic surgical-systems pioneer announced a 3-for-1 stock split is on the way.
That prediction didn't require deep analytical skills or foresight, to be honest. Intuitive Surgical has split its stock in the past. I'm surprised it took the company's board as long as it did to approve another split.
The idea behind stock splits is that they make shares more attractive to smaller investors. Sometimes -- although not always -- splits even serve as positive catalysts for stocks. Is Intuitive Surgical stock a buy before its stock split?
For further details see:
Should You Buy Intuitive Surgical Ahead of Its Stock Split?