Stock-Split Watch: 2 Outstanding Growth Stocks Poised for a Split

In the investment world, the occurrence of stock splits has grabbed headlines with various prominent companies deciding to divide their existing share count to make the stock more accessible to a wider range of investors. As 2024 progresses, market spectators are on the lookout for the next big names to announce splits. Two particularly exciting growth stocks catching the eyes of many are MercadoLibre, Inc. MELI and Spotify Technology SA SPOT. Both of these companies have shown significant advancement and are prime candidates for an upcoming stock split.

MercadoLibre, Inc. MELI

Headquartered in Buenos Aires, Argentina, MercadoLibre, Inc. MELI manages extensive online marketplaces throughout Latin America. As a leader in e-commerce and FinTech, MELI has experienced substantial growth, with its stock price reflecting its success. Investors are closely monitoring MELI's movements, as its current market performance seems to indicate a stock split could be beneficial to maintain its upward trajectory and liquidity.

Spotify Technology SA SPOT

Similarly, Spotify Technology SA SPCO, with headquarters in Luxembourg, Luxembourg, has revolutionized the music and audio streaming sector. This company's global reach and constant innovation have drawn investors' attention. With growth rates impressing shareholders and a stock price that's scaled up accordingly, market analysts suggest that SPOT could potentially leverage a stock split to increase the stock's marketability and attract new investors.

While no official announcements have been made by either company as of yet, the trend towards high-valuation stocks opting for splits to court retail investors means all eyes are on MELI and SPOT. Both companies have the hallmarks of what typically precedes such a corporate maneuver, making them ones to watch in the coming months.

stock-split, growth, stocks