Stock splits typically have led to oversized returns, says Bank of America
Whether you cut a pie into 10 pieces or 100 pieces, it shouldn’t affect how much the pie is worth. But in the stock market, a stock split — which is essentially cutting shares into smaller pieces — can have some meaningful consequences.
“Once the split is executed, investors who have wanted to gain or increase exposure may start to rush for the chance to buy.”announced a 20-for-1 stock split alongside its latest earnings report. The stock rose 7.5 per cent in the following trading session. And more companies could follow suit. Bank of America analysts identified several S&P 500 companies with high share prices. Here’s a look at three that are particularly attractive to the bank.that lets you buy fractions of pricey shares.Among the industries impacted by the COVID-19 pandemic, travel took one of the most serious hits.
Bank of America has a “buy” rating on BKNG and a price target of US$3,100 — roughly 56 per cent above the current levels.Cloud software provider ServiceNow has served long-term investors quite well: Shares are up more than 460 per cent over the past five years.This advertisement has not loaded yet, but your article continues below.The company has built a recurring business model. In Q4 of 2021, subscription revenue made up 94 per cent of its total revenue.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supreme Court Nominee Ketanji Brown Jackson's Confirmation Hearings Just Ended — Here's What Happens NextJackson, President Joe Biden’s first Supreme Court nominee, is one step closer to becoming the first Black woman to sit on the nation’s top court.
Read more »
Everything You Need to Know About the New Dyson AirwrapDyson announced the next generation of its coveted Airwrap Styler, launching summer 2022. Here’s everything you need to know about the buzzy hair tool.
Read more »
Stocks stall as Wall Street wraps up bumpy week of tradingStocks shifted between small gains and losses in afternoon trading on Wall Street Friday as investors wrapped up a bumpy week with more uncertainty about where to go next.
Read more »
US stocks end mostly higher after another up-and-down dayStocks wound up mostly higher on Wall Street Friday after another day of bouncing around as traders try to figure out what’s next for the economy.
Read more »
U.S. stocks end mostly higher after another up-and-down dayStocks wound up mostly higher on Wall Street Friday after another day of bouncing around as traders try to figure out what's next for the economy.
Read more »