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MicroStrategy is the latest company to announce a 10-for-1 stock split as its shares hit $1,340.
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Record-high prices for stocks popular with investors have driven a stock-split boom this year.
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A market expert told BI that a handful of companies with shares above $500 could be candidates for split.
It’s been a big year for stock splits.
MicroStrategy became the latest company to announce a split on Thursday, with a 10-for-1 share split set to go into effect in early August as its shares hover around $1,340.
Other major companies that have implemented stock splits or announced plans to do so this year include Nvidia, Walmart, Broadcom, Chipotle, Williams-Sonoma, Cintas, Sony, Lam Research, and Texas Pacific Land.
So, why are so many firms splitting their stock? Simply put, they want to attract more investors. Many stocks that split this year are household names, like…
