4 huge stock Splits that Investors Should keep On Their Radar
Tesla ticker symbol TSLA, Shopify ticker symbol Shop, Google ticker symbol Alphabet and Nintendo ticker symbol NTDOY are 4 huge stock splits that investors should keep on their radar
Small-time investors will soon be able to buy shares of stocks that were only affordable to big-time investors and institutions. Stocks Like Google and Tesla often become too expensive for some potential investors, and companies sometimes may decide to do stock splits in order to boost liquidity in shares.
While a stock split does not affect the overall market value, it does lower the value of each individual share. Stock splits are often seen as bullish and may allow investors to earn significant
gains if the stock goes back up, which it usually does.
Nintendo ticker symbol NTDOY is a multinational Video Game Company that plans to conduct a 10-for-1 stock split on October 1st, 2022. Year-to-date, Nintendo shares have been much stronger than the S&P 500. Since the split announcement shares of Nintendo have gained nearly 8% in value, typically stock split announcements are generally seen as a bullish catalyst that sends shares trending upwards. As of today, NTDOY is trading at 52.15 trading at 10-for-1 would yield 5.22 a share.
GOOGL shares have been hit hard throughout the tech-rout in 2022, down nearly 28% and vastly underperforming the general market. But when the company announced the upcoming split in February, shares skyrocketed 7.5% the following day. Once again the market has reacted well to the stock split announcement. In fact, almost all stock split announcements are generally seen as bullish and as a result, shares became pricey, limiting the trading volume and steering away many investors. The limited trading volume induced Alphabet’s 20-for-1 stock split for July 15, 2022. As of today, Alphabet is trading at 2,142.87 at 20-for-1 at 20-for-1 would yield 107.144
With Shopify, ticker symbol (SHOP) down 82%(317.25) from its 52wk high of 1,762.92.92 High, Could Shopify Stock Soar After Its Stock Split?
Under terms of the Shopify stock split, shareholders of record on June 22 will receive nine additional class A or B shares after the close of trading on June 28 for each current share held. The Class A shares will begin trading on a split-adjusted basis on June 29. Shopify is currently trading at 317.25 at 10-for-1 it would be trading at 31.73. The stock split will go into effect on June 28, and the stock will begin trading on a split-adjusted basis on June 29.
Tesla stock split proposal by the company’s board has been made to the stockholders. Elon Musk’s Tesla has filed its proxy statement with the SEC, announcing plans for a 3-for-1 stock split. Through the filing, the notice has been provided for the 2022 Annual Meeting of stockholders to be held on August 4, 2022.
Among the various proposals that will be voted on at the 2022 Annual Meeting, an important one is to increase the number of authorized shares of common stock by 4,000,000,000 shares. Tesla’s Board has approved the Authorized Shares Amendment subject to its adoption by the stockholders
