Micron Stock Has Soared Nearly 700% in a Year. Is a Stock Split Imminent?
Yahoo Finance ·
Micron Technology ( MU 5.68% ) stock has been in roaring form over the past year, gaining an astounding 698% as of this writing. This stunning surge has brought Micron's stock price to nearly $1,000. Investors, therefore, may be wondering whether this high-flying artificial intelligence (AI) stock will undergo another forward stock split. After all, Micron has a history of executing stock splits, and management may now want the stock to become accessible to a wider pool of investors following its impressive rally over the past year. Let's try to find out if the chipmaker is indeed going for a stock split. A stock split happens when a company multiplies or divides its outstanding share count while keeping the overall market capitalization unchanged. A forward stock split is the most common type of stock split, in which a company increases its outstanding share count and lowers the price per share to keep the market cap constant.
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