Stock-Split Watch: Is Meta Platforms Next?
Yahoo Finance ·
Meta Platforms ( META -4.79% ) closed at $751.66 on Sept. 25, nearly 30% above its Sept. 1 closing price, despite pulling back roughly 3.3% in the latest session. The stock had reached a new 52-week high of $779.82 just a day earlier. Rising enthusiasm around the launch of its new Muse artificial intelligence (AI) assistant has helped fuel this rally. Reuters reported that Meta Platforms' shares had already gained more than 20% following Muse's launch on Sept. 8. This jump resulted in more than a $310 billion increase in the company's market value by Sept. 22. The sharp rise in share price has strengthened the case for Meta Platforms as a potential stock-split candidate. The company remains the only "Magnificent Seven" member that has never completed a conventional stock split . Here's a case for a stock split that may be getting stronger.
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