Identifying stocks undergoing splits in 2024 involves tracking corporate announcements, as this information is dynamic and subject to change. As of the latest available data, several companies have announced or are planning stock splits in late 2024.
Understanding Stock Splits
A stock split is a corporate action where a company increases the number of its outstanding shares by dividing each existing share into multiple shares. While the number of shares increases, the total market capitalization of the company remains the same, and the price per share decreases proportionally. For example, in a 2-for-1 split, a shareholder owning 100 shares at $100 each would instead own 200 shares at $50 each, maintaining the same total value of $10,000.
Companies often initiate stock splits for several reasons, including:
- Increasing Liquidity: A lower per-share price can make the stock more attractive and accessible to a broader range of investors, potentially increasing trading volume.
- Improving Perceived Affordability: A high stock price can deter individual investors. A split makes shares appear more affordable, even though the underlying value of their holding doesn't change.
Stocks Announcing Splits in Late 2024
Based on recent announcements, the following companies are scheduled to undergo stock splits towards the end of 2024:
| Date | Symbol | Company Name |
|---|---|---|
| Dec 23, 2024 | ICCT | Icoreconnect Inc |
| Dec 20, 2024 | TSCO | Tractor Supply Co. |
| Dec 18, 2024 | MTC | Mmtec Inc |
| Dec 17, 2024 | XXII | 22nd Century Group Inc |
It is important to note that stock split information can evolve rapidly as companies make new announcements or adjust previously stated plans. For the most up-to-date and comprehensive list of stock splits in 2024, it is advisable to consult a real-time financial data source or a dedicated stock splits tracker, such as the All 2024 Stock Splits page.
