Next to artificial intelligence (AI), stock splits have been Wall Street’s hottest trend.
A stock split allows a company to cosmetically alter its share price and outstanding share count without any effect on its market cap or underlying operating performance. Following over a dozen big-time stock splits in 2024, a trio of brand-name businesses have followed suit this year.
However, few companies can match the success, or sheer number of splits, software behemoth Microsoft (NASDAQ: MSFT) has brought to the table.