Alphabet stock split lands with a thud in worry-filled market - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 50%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Even for Alphabet, financial gimmickry is no match for the power of the bear market.

Even for Alphabet Inc., financial gimmickry is no match for the power of the bear market.

It’s not alone. Of the four companies in the S&P North American Technology Index that split their stocks this year, none of them have gained appreciably since announcing the plans. Amazon.com Inc. has fallen 10 per cent since declaring its split in March. Canadian e-commerce company Shopify has fallen 36 per cent and cybersecurity company Fortinet Inc. is up about 3 per cent.

The aim of a stock split is simple: bring down the cost to purchase a share so that more retail investors can afford it and spreading the company’s equity over a larger number of shares. Some investors, however, tended to view the decision by a company to split it stock as a positive cue. It’s not just splits in the technology sector that have fallen flat. Medical-device maker Dexcom Inc. has dropped 27 per cent since announcing its split in March. Of the five companies in the S&P 500 Index that have split their stocks this year, only insurance company WR Berkley Corp. has seen its shares advance more than 5 per cent.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 83. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

TSX recap: Markets fluctuate as energy stocks fall - BNN Bloomberg
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Beat-up Canadian bank stocks at mercy of murky economy: Analyst - BNN BloombergCanadian bank stocks likely won't make any big moves out of bear market territory until the economic outlook becomes more clear, an analyst said.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

'Awful' Snap sales wipe US$76B from social media stocks - BNN BloombergU.S. social-media giants were poised to see more than US$76 billion wiped off their stock-market values Friday after disappointing revenue from Snap raised concerns about the outlook for online advertising.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

The Daily Chase: Snap drags on social media stocks; TSX on winning streak - BNN BloombergIf Snap is a canary in the coal mine for its tech peers: look out below. The parent company of Snapchat is seeing its stock get thrashed in pre-market trading after its second quarter was rocked by a slowdown in ad spending
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »