10/7/2024, 1:46:03 pm

Should You Buy Broadcom Stock Ahead of Its 10-for-1 Stock Split?

Broadcom (NASDAQ: AVGO) has announced a 10-for-1 stock split, with shareholders of record as of July 11 receiving nine additional shares for each share owned. The stock has gained 17% since the announcement, bringing its total ascent to 102% over the past year. Historically, companies that initiate stock splits generate total returns of 25% in the 12 months.