Meta (META, Financial) has reached a new milestone with a record 20-day consecutive rise in its stock, pushing its share price to an all-time high of $740.89. This significant increase has led investors to suggest that the company consider a stock split to make shares more accessible to retail investors.
Since its IPO in 2013, Meta has not split its stock, but the recent surge has raised discussions on the potential benefits of a split. A stock split could reduce the price per share, easing access for smaller investors and potentially enhancing liquidity.
Other major tech companies are adopting similar strategies. NVIDIA (NVDA) and Broadcom (AVGO) plan stock splits in 2024, while five of the seven largest tech firms, including NVIDIA, Alphabet (GOOG), Amazon (AMZN), Tesla (TSLA), and Apple (AAPL), have executed stock splits since 2022 to address the high price barrier.
