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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Looking to diversify your portfolio? Here are 10 U.S. small cap stocks with earnings momentumWe are looking for Small-cap U.S. stocks with earnings momentum
Read more »
Federal Liberals set to deliver budget on April 7, Freeland tells House of CommonsFinance Minister Chrystia Freeland says she will deliver this year's budget next week.
Read more »
Asian stocks rise as Ukraine peace talks appear to progressAsian stock markets followed Wall Street higher on Wednesday as talks on ending Russia's war on Ukraine appeared to make progress.
Read more »
Global stocks mixed as Ukraine talks appear to progressEuropean markets opened lower while Asian stocks advanced Wednesday as investors saw signs of possible progress in talks on ending Russia's war on Ukraine.
Read more »
‘Mystifying’ U.S. stock rally defies economic uneaseInvestors are questioning how long the surge can continue in the face of a hawkish Federal Reserve, warnings of recession from the bond market and geopolitical uncertainty
Read more »
DFO announces closures of Atlantic mackerel, bait fisheries to restore stocks | Globalnews.caFisheries Minister Joyce Murray says she recognizes many harvesters depend on the fisheries and promised to work with them and others in the industry to preserve the stocks.
Read more »