Prediction: The Most Important Stock in the Dow Jones Will Issue a 4-for-1 Stock Split Before the End of 2026
Goldman Sachs has never issued a stock split, but its soaring stock price has the Dow off balance.
Overview
The 130-year-old Dow Jones Industrial Average (DJINDICES: ^DJI) is one of the oldest and most iconic stock market indexes. And with just 30 components, it is far more selective than the S&P 500 or the thousands of companies listed on the Nasdaq Composite.
And while the Dow is getting more tech-focused -- most notably with its addition of Alphabet in June -- no component holds more weight than Goldman Sachs (NYSE: GS).
Details
Here's why Goldman Sachs is so large that it can single-handedly move the index, and why a stock split could be in the cards before the end of the year.
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.