Stock splits have no impact on the market value of a company, but they are historically bullish, according to Bank of America.
These are eight high-priced S&P 500 stocks that could be the next to enact a split.
AdvertisementBank of AmericaForward stock splits are ultimately a sign of strength, as the company's rising stock price often reflects the growing profits of the underlying business.
"Splits do not affect company fundamentals but can increase liquidity by making shares more accessible," Bank of America said.
Booking HoldingsMarkets InsiderTicker: BKNGStock price: $3,795.04Market value: $128.7 billion1.
Persons:
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Organizations:
Nvidia, Bank of America, Service, Walmart, Bank of America Forward, Isaac Markets, Broadcom, Booking Holdings
Locations:
Chipotle, Mettler