Will Eli Lilly Split Its Stock? Here's What History Says Will Happen If It Does.
Fundamentals, not a stock split, will determine whether the bull case for Eli Lilly continues.
Overview
Currently trading at around $1,160 per share, Eli Lilly (NYSE: LLY) has one of the highest stock prices in the S&P 500. While fractional stock trading means a high absolute share price doesn't hinder performance as much as it used to, there are other reasons a high price might. It may make sense for Eli Lilly to split its stock soon, something it hasn't done in nearly 30 years.
The company has yet to officially announce any sort of stock split plans. However, don't assume that, if it happens, a split will serve as a game changer for what is the most widely followed of the GLP-1 stocks.
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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.