NEW YORK (AP) — In some rare cases, a lower stock price can actually be a boon for investors. Consider Nvidia, the chip company whose stock price has soared well above $1,000 as Wall Street's frenzy around artificial-intelligence technology keeps revving higher.
FILE - A sign for a Nvidia building is shown in Santa Clara, Calif., May 31, 2023. A lower stock price can actually be a boon for investors in some rare cases. When companies announce splits to their stocks, as Nvidia recently did, they have historically gone on to beat the broad market in the next year. Though a stock split doesn’t guarantee an ensuing rise in price.
Nvidia said it’s making the move to make its stock price more affordable for its employees and for other investors. An investor may be more willing to buy a stock with a $100 price tag than one that costs $1,000, even if some brokerages allow investors to buy fractions of a company’s share. Tesla was one of the 30% of companies that announced stock splits that saw their share prices drop in the ensuing year. A few outliers that did particularly well, such as Copart’s 56% following its October 2022 announcement, also helped drive up the overall numbers.
Finance Business Business Copart Inc. Tesla Inc.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York Liberty | FOX 5 New YorkNews, stories and updates on the New York Liberty
Read more »
Here Are 29 Unique Things That'll Make Your Home Stand Out From The CrowdUnique New York unique New York unique...wherever *your* home is.
Read more »
Porsche 911 Owner Slapped With $800 Ticket For Stock Exhaust New YorkCity officials seem unwilling to drop the ticket despite the fact that the 911's exhaust is unmodified
Read more »
Alibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plungesChinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Its net income for the quarter ended March was 3.
Read more »
Malik Nabers Propels, Sinks Giants' 2024 Draft Class RankingMalik Nabers rose and grounded the New York Giants' 2024 draft class stock.
Read more »
Apple stock price surges on dividend, stock buyback news despite plunge in iPhone salesDespite posting its steepest quarterly decline in iPhone sales since the beginning of the pandemic, Apple's stock surged Thursday after the company announced a 4% increase in its quarterly dividend and a $110 billion stock buyback plan.
Read more »