![]() This move doesn't change the prospects of a company or its intrinsic value. But 2022 has been terrible for the chipmaker thanks to an oversupply in the graphics card market that has dealt a body blow to its gaming business.Ī stock split is more of a cosmetic move that simply increases the number of shares outstanding while reducing the price proportionally. Nvidia's stock price also took off following its 4-for-1 split on July 20, 2021. The company's share price is up 29% since the stock started trading on a split-adjusted basis, beating the S&P 500 handsomely despite the recent volatility in the market. It's been two years since Apple executed its 4-for-1 stock split on Aug. Stock splits have gotten a lot of attention this year with several prominent companies deciding to take this step in a bid to, among other things, make their share prices more attractive for retail investors.Īpple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA) are two companies that initiated stock splits relatively recently.
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