Wall Street's Latest Stock-Split Stock Is Up Over 1,000% Since IPO and Looks Like a Strong Candidate for More
CrowdStrike has delivered solid returns for shareholders over the past year.
Wall Street's Latest Stock-Split Stock Is Up Over 1,000% Since IPO and Looks Like a Strong Candidate for More
Overview
Stock splits can create a lot of excitement among investors, so even though they do nothing to change the fundamental value of the underlying company, anticipation of such financial events can sometimes result in a stock booking some solid short-term gains. However, long-term investors also get excited about stock splits, because there's usually only one condition under which they occur: The stock had already risen to a level where management felt compelled to split it.
Gains like that indicate a strong investment -- and Wall Street's latest stock-split stock has provided investors with some great returns since its initial public offering.
Details
CrowdStrike (NASDAQ: CRWD) debuted on the public markets back in 2019, and if you purchased the stock on its first trading day and held on, you're up over 1,000% on your investment. That's a fantastic return in just about seven years of trading, and many investors would be thrilled with that. As a result of its share price gains, it's enacting a 4-for-1 stock split at the start of July. But is there room for more growth?
Source
Originally published at www.fool.com.
