Micron Stock Has Soared Nearly 700% in a Year. Is a Stock Split Imminent?
A stock split could increase the demand for Micron stock among retail investors.
Overview
Micron Technology (NASDAQ: MU) stock has been in roaring form over the past year, gaining an astounding 698% as of this writing.
This stunning surge has brought Micron's stock price to nearly $1,000. Investors, therefore, may be wondering whether this high-flying artificial intelligence (AI) stock will undergo another forward stock split. After all, Micron has a history of executing stock splits, and management may now want the stock to become accessible to a wider pool of investors following its impressive rally over the past year.
Details
Let's try to find out if the chipmaker is indeed going for a stock split.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.