Is Palantir Wall Street's Next Stock Split?
After a string of high-profile stock splits last year from companies like Nvidia, , and , the market has been relatively quiet this year. That might change. Speculation is building that artificial intelligence (AI) powerhouse Palantir (NASDAQ: PLTR) may soon announce a forward split.
The mechanics of a split are straightforward: A company issues new shares to each shareholder while reducing the price of each share proportionately so that, in the end, no one's portfolio value has changed. In the case of a 10-for-1 forward split, you end up with ten times the shares you started with, but each is worth a tenth of the price.
In theory, stock splits shouldn't really matter for an investor; in practice, they do. Splits often spark rallies. This could be purely associative -- companies that initiate forward splits usually already have quite a bit of momentum behind them -- but it's possible that the lower price point actually brings new investors into the fold, and the split itself drives growth.
Source Fool.com
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