Meet the Newest Stock-Split Stock in the S&P 500. It's Soared 1,000% Since Its IPO, and It's a Buy Right Now According to Wall Street.

Investors always seem to be interested in companies that have recently conducted stock splits, which are tools companies can use them to alter their share price and share count without changing their market caps and equity value.Stock splits typically occur after a stock went on a strong run and when management wants to make their shares more affordable for retail investors. Splits only change the number of shares outstanding, not a company's market value. Investors just end up with more shares that individually are worth less.Investors also take notice when a company joins the benchmark S&P 500 Index because then all the funds tracking that index are forced to buy the stock. Put the two together and a stock is likely to draw significant interest. Meet the newest stock split in the S&P 500. It's soared 1,000% since its initial public offering (IPO), far outpacing the S&P 500, and Wall Street still views it as a buy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool