1 Stock-Split Stock to Buy Before It Jumps 27% According to 1 Wall Street Analyst
This industry-leading stock-split stock still has upside ahead.
1 Stock-Split Stock to Buy Before It Jumps 27% According to 1 Wall Street Analyst
Overview
There's been a resurgence in the popularity of stock splits in recent years, driven by rising corporate profits and surging stock prices. It was common practice in the late 1990s, but fell out of fashion before enjoying a renaissance. This is historically a sign of a company performing at a high level, as evidenced by years, or even decades, of strong operating and financial results, which have driven the stock price out of reach for everyday investors.
Historically, these top-performing stocks continue to outpace their peers. History shows that companies that conduct stock splits generate stock price increases of 25%, on average, in the year following the announcement, compared with average gains of 12% for the S&P 500, according to data compiled by BofA analyst Jared Woodard.
Details
Let's look at one recent stock split that still has plenty of upside ahead, according to Wall Street.
Source
Originally published at www.fool.com.
