CrowdStrike Just Became Wall Street's Newest Stock-Split Stock, but Something More "Magnificent" May Be Next
The stars are aligning for a special member of the "Magnificent Seven" to become the next blockbuster stock split.
Overview
Artificial intelligence (AI) isn't the only catalyst powering the broader market to new heights. Investor euphoria for high-profile stock splits has also provided a tailwind for Wall Street.
Though stock splits come in two varieties (forward and reverse), investors have flocked to companies undertaking forward splits, which make shares more nominally affordable for retail investors. AI cybersecurity solutions provider CrowdStrike Holdings (NASDAQ: CRWD) became the latest high-flying company to split its shares three weeks ago. But something even more "magnificent" may be waiting in the wings, courtesy of Meta Platforms (NASDAQ: META).
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Originally published at www.fool.com.