A 224-Year-Old Wall Street Stalwart Just Announced a Reverse Stock Split -- and It's Truly a Head-Scratcher
Key takeaways
- DD NVDA INTC BKNG CVNA Although the rise of artificial intelligence has hogged most of the glory, it s not the only trend that s been piquing investors interests in recent years.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
- A stock split is an event that allows a company (even a private one) to cosmetically adjust its share price and outstanding share count by the same factor.
DD NVDA INTC BKNG CVNA Although the rise of artificial intelligence has hogged most of the glory, it s not the only trend that s been piquing investors interests in recent years. Euphoria concerning stock splits in brand-name businesses is another big-time catalyst for equities on Wall Street.
While a handful of prominent stock splits have already taken shape this year, including forward splits for online travel site Booking Holdings and e-commerce-based used-vehicle retailer Carvana, it s the recently announced reverse split from 224-year-old specialty chemicals company DuPont (NYSE: DD) that s a true eye-opener and head-scratcher.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »