Broadcom Just Split Its Stock. History Says This Is What the Stock Will Do Next.

In recent months, stock splits have stirred up a lot of excitement in an already effervescent bull market. Companies in a wide variety of industries, from retail to technology, have launched these splits to bring down the prices of their shares after a long period of gains. Investors generally applaud stock splits because a lower per-share price makes it easier for a wider range of buyers to get in on the investment opportunity.Technology giant Broadcom (NASDAQ: AVGO) is the latest to join the list of exciting stock-split players such as Nvidia and Chipotle Mexican Grill. The semiconductor and networking company completed its 10-for-1 split on July 12, and the shares began trading on a split-adjusted basis on July 15. Today, each share trades for about $170, versus $1,600 just a few weeks ago.Broadcom stock, even at its high per-share price tag, climbed more than 40% in the first half of the year, adding to a triple-digit three-year gain. Now the question is, at its new lower price, what will the stock do next? Let's look to history for some clues.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool