While stock splits are a sign of confidence in a company's future performance, they could introduce significant price volatility after the event.
Nvidia shares rose over 150% since the beginning of 2024, while Apple shares only rose 6% year-to-date , according to NasdaqNvidia has also been outperforming Apple shares in the short term. On the monthly chart, Nvidia’s price rose 34%, while Apple stock only rose slightly over 7%. Nvidia was trading at $120.89 as of 11:40 am UTC, down 0.25% in pre-market trading. However, Nvidia shares rose over 10% during the past five days, according to Yahoo FinanceThe chip manufacturer has become the fifth “Magnificent Seven” stock to split since 2022. Other firms that performed stock splits include Apple, Tesla, Amazon, and Alphabet.
“They can be a little bit more quick and emotional with their buying and selling decisions, so that can lead to heightened volatility as you start to dilute the institutional buyers,”Nvidia briefly surpassed Apple
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