Wall Street's Newest Blockbuster Stock Split Was Just Announced -- and This Non-Tech Titan Has Skyrocketed 457,000% Since Its IPO
This consumer-facing company has increased its net sales annually for more than three decades.
Overview
Although the rise of artificial intelligence (AI) has been Wall Street's hottest trend for the better part of four years, don't overlook the role stock-split euphoria has played in boosting investor optimism and lifting the broader market.
Several high-profile companies have completed stock splits this year, including AI-driven cybersecurity solutions provider CrowdStrike Holdings and online travel giant Booking Holdings. But on Wednesday, July 8, arguably the highest-flying non-tech company on Wall Street threw its proverbial hat in the ring to become the newest blockbuster stock split: Monster Beverage (NASDAQ: MNST).
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Originally published at www.fool.com.