Wolfe Research identified which signals indicate that a stock split will result in future appreciation.
Stock splits have picked picked up in recent months. While stock splits don't affect a company's value, they can catalyze a move higher or lower, according to Wolfe Research. With this in mind, the firm provided a guideline to help investors gauge whether a stock split is a buying opportunity — or a sign to steer clear. Artifical intelligence chipmaker Nvidia announced a 10-for-1 stock split as part of its quarterly earnings report on May 22.
" Senyek also advised trading stock splits is best from a week prior to the split date, until a week after. Take a look at some of the companies that recently paid out splits, and where analysts see them headed next: Old Dominion Freight Line completed a two-for-one stock split on late March. The trucking company, which has a $37.2 billion market cap, has declined 21.1% in the current quarter and almost 15% year to date. Nonetheless, analysts remain bullish on the stock.
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