“`html
In 2024, several major companies have announced stock splits, driving market growth, notably including Fastenal (NASDAQ: FAST), O’Reilly Automotive (NASDAQ: ORLY), and Interactive Brokers Group (NASDAQ: IBKR). Fastenal completed a 2-for-1 forward split on May 21, followed by O’Reilly’s 15-for-1 forward split on June 9, and Interactive Brokers’ first-ever 4-for-1 forward split on June 17.
Historically, stocks that undergo forward splits perform well post-announcement, with an average gain of 25.4% in the year following, compared to an 11.9% rise in the S&P 500. Meanwhile, Wall Street analysts speculate that Meta Platforms (NASDAQ: META) may be considering a forward split as its share price approaches $700, with over 27% of shares held by everyday investors, making a split more feasible.
“`
