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Stock-Split Watch: Is Palantir Next?
Palantir Technologies (NASDAQ: PLTR) has been unstoppable over the last few months, adding 509% to its share price since 2024 for a total return of 1,332% since it hit the market in late 2020. When a public company starts growing this fast, it's normal to wonder if a stock split might soon be on the table. Let's dig deeper to answer this question.Companies often turn to stock splits after experiencing a tremendous amount of growth. This technique involves dividing each share by a specific amount to increase the number outstanding while keeping the same market cap (the value of all shares combined). The goal is to make the stock appear cheaper and more accessible for investors.Stock splits are typically seen as a positive sign because they suggest that a company is in good shape while making its equity easier to trade. And according to Bank of America analyst Jared Woodard, split stocks have consistently outperformed the market averages recently. That said, it looks unlikely that Palantir will split its stock anytime soon. Continue reading
Palantir Technologies (NASDAQ: PLTR) has been unstoppable over the last few months, adding 509% to its share price since 2024 for a total return of 1,332% since it hit the market in late 2020. When a public company starts growing this fast, it's normal to wonder if a stock split might soon be on the table. Let's dig deeper to answer this question.
Companies often turn to stock splits after experiencing a tremendous amount of growth. This technique involves dividing each share by a specific amount to increase the number outstanding while keeping the same market cap (the value of all shares combined). The goal is to make the stock appear cheaper and more accessible for investors.
Stock splits are typically seen as a positive sign because they suggest that a company is in good shape while making its equity easier to trade. And according to Bank of America analyst Jared Woodard, split stocks have consistently outperformed the market averages recently. That said, it looks unlikely that Palantir will split its stock anytime soon.
