Stock splits typically have led to oversized returns, says Bank of America
Whether you cut a pie into 10 pieces or 100 pieces, it shouldn’t affect how much the pie is worth. But in the stock market, a stock split — which is essentially cutting shares into smaller pieces — can have some meaningful consequences.
“Once the split is executed, investors who have wanted to gain or increase exposure may start to rush for the chance to buy.”announced a 20-for-1 stock split alongside its latest earnings report. The stock rose 7.5 per cent in the following trading session. And more companies could follow suit. Bank of America analysts identified several S&P 500 companies with high share prices. Here’s a look at three that are particularly attractive to the bank.that lets you buy fractions of pricey shares.Among the industries impacted by the COVID-19 pandemic, travel took one of the most serious hits.
Bank of America has a “buy” rating on BKNG and a price target of US$3,100 — roughly 56 per cent above the current levels.Cloud software provider ServiceNow has served long-term investors quite well: Shares are up more than 460 per cent over the past five years.This advertisement has not loaded yet, but your article continues below.The company has built a recurring business model. In Q4 of 2021, subscription revenue made up 94 per cent of its total revenue.
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