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Wall Street's Most Anticipated Stock Split of the 4th Quarter May Be Announced This Week
investing ideas :: 2024-09-23 :: source - motly fool
By Sean Williams
Key Points
- More than a dozen high-profile companies have announced a stock split in 2024.
- For much of the year, investors have gravitated to leading artificial intelligence (AI) stock-split stocks.
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However, a consumer staples giant could set Wall Street abuzz if it were to announce a split when it releases its quarterly operating results.
For much of the last two years, Wall Street and investors have been fixated on the artificial intelligence (AI) revolution. But what they might not realize is how important stock-split euphoria has been for pushing Wall Street's major indexes higher in 2024.
A stock split is a tool public companies have at their disposal that allows them to superficially adjust their share price and outstanding share count by the same factor. Splits are surface-scratching in the sense that they don't alter a company's market cap or in any way affect its underlying operating performance.
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