Wall Street's Newest Stock-Split Stock, Up More Than 127,100% Since Its IPO, Is Conducting Its 9th Split in 37 Years

Though the stock market has experienced a historic bout of volatility in recent weeks, it doesn't change the fact that optimists have ruled the roost on Wall Street for more than two years.

While the artificial intelligence (AI) revolution has garnered most of the credit for lifting the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite to numerous record-closing highs in 2024, it's important not to overlook the other key catalyst last year: stock-split euphoria.

A stock split is a tool publicly traded companies have available that allows them to cosmetically adjust their share price and outstanding share count by the same magnitude. Adjusting a company's share price via stock split doesn't alter its market cap or in any way impact its underlying operating performance.

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