2023-10-16 12:37:00

2 Stock-Split Stocks That Could Double Your Money

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Nasdaq
By The Motley Fool

Stock splits have been all the rage this year as several prominent companies have decided to go down this path to lower their share prices and boost the demand among retail investors at a time when the broader market has been in sell-off mode, but even this move hasn't given them reprieve on the stock market.

Palo Alto Networks (NASDAQ: PANW), for instance, announced a three-for-one stock split on Aug. 22. Shares of the cybersecurity specialist shot up following the announcement, but they have lost momentum since thanks to the Federal Reserve's hawkish nature that has been weighing on the stock market this year.

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Semiconductor giant Nvidia (NASDAQ: NVDA), which announced a four-for-one stock split in May last year, has also witnessed a similar fate. The chipmaker's stock surged for a few months following the announcement, but it has witnessed a brutal sell-off this year. All this makes it evident that stock splits don't guarantee upside for investors on the market.

After all, a stock split is just a cosmetic move that increases the number of outstanding shares of a company and lowers the stock price. It doesn't impact the fundamentals or the prospects of a company. That's why beaten-down stock-split plays such as Palo Alto Networks and Nvidia seem worth buying, as they are not only trading at relatively attractive valuations right now, but the growth drivers they are sitting on could supercharge their stock prices in the long run.

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MarketsBy Harsh Chauhan2023-10-16 12:37:00
Stock splits have been all the rage this year as several prominent companies have decided to go down this path to lower their share prices and boost the...

Logo The Motley Fool
Markets2024-09-24 13:39:00
Palo Alto Networks ( PANW -2.77%) recently completed its three-for-one stock split. Tech stock splits have been hot in 2022, even amid a vicious bear market....

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Business / FinanceBy The Motley Fool2024-09-24 13:39:00
Palo Alto Networks (NASDAQ: PANW) recently completed its three-for-one stock split. Tech stock splits have been hot in 2022, even amid a vicious bear market....

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-09-22 09:45:00
The stock market witnessed a brutal sell-off last week as investors went into panic mode following a surprise spike in inflation for the month of August. The...

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Markets2024-09-22 09:45:00
The stock market witnessed a brutal sell-off last week as investors went into panic mode following a surprise spike in inflation for the month of August. The...

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-09-19 15:30:54
Stock splits are all the rage this year, as some of the largest technology companies in the U.S. sought to make their stock prices more accessible to retail...

Logo The Motley Fool
Markets2024-09-19 15:30:54
Stock splits are all the rage this year, as some of the largest technology companies in the U.S. sought to make their stock prices more accessible to retail...

Logo The Motley Fool
Markets2024-09-26 14:07:00
Palo Alto Networks ( PANW 2.30%) shareholders might have noticed some odd movements in their portfolios lately. The shares underwent a 3-for-1 split in...

Logo The Motley Fool
Markets2024-09-30 09:30:00
Nvidia (NASDAQ: NVDA) has been a top performer on the stock market over the years, with shares of the graphics card specialist rising more than3,600% over...

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Business / FinanceBy The Motley Fool2024-09-22 09:20:00
Palo Alto Networks (NASDAQ: PANW) made news thanks to a 3-for-1 stock split on Sept. 13, but there is more to the company than just the stock split. For...

Logo The Motley Fool
Markets2024-09-22 09:20:00
Palo Alto Networks ( PANW -2.23%) made news thanks to a 3-for-1 stock split on Sept. 13, but there is more to the company than just the stock split. For...

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Business / FinanceBy The Motley Fool2024-09-25 14:00:00
I've had my eye on Palo Alto Networks (NASDAQ: PANW) for a little while now. It's a global leader in cybersecurity, a sector I believe is growing...

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MarketsBy The Motley Fool2023-10-07 11:00:00
A stock split doesn't add any real value to the underlying company that executes it, but the move still tends to generate some enthusiasm because there's a...

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Business / FinanceBy The Motley Fool2024-09-26 14:07:00
Palo Alto Networks (NASDAQ: PANW) shareholders might have noticed some odd movements in their portfolios lately. The shares underwent a 3-for-1 split in...

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TechnologyBy Zacks2023-10-05 21:07:00
While most market headlines in 2022 have carried a negative sentiment, several companies have given investors plenty of reasons to remain positive, one being...

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Business / FinanceBy Benzinga Insights2024-09-19 17:07:50
Palo Alto Networks PANW has outperformed the market over the past 10 years by 12.98% on an annualized basis producing an average annual return of 23.33%....

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MarketsBy Benzinga Insights2023-10-05 15:39:04
Palo Alto Networks PANW has outperformed the market over the past 10 years by 13.66% on an annualized basis producing an average annual return of 23.6%....

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Business / FinanceBy The Motley Fool2023-10-13 11:01:00
You cannot go wrong investing in either Palo Alto Networks (NASDAQ: PANW) or Amazon (NASDAQ: AMZN) since both of these tech giants are offering important...

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MarketsBy Manali Bhade2023-10-13 11:01:00
You cannot go wrong investing in either Palo Alto Networks ( PANW -1.31%) or Amazon (NASDAQ: AMZN) since both of these tech giants are offering important...

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TechnologyBy Zacks2024-09-19 21:16:00
While the majority of market headlines in 2022 have been negative, several companies have announced shareholder-friendly moves, such as stock splits from the...