Costco Due for a Stock Split in 2024?

Costco's Stock Performance

Costco Wholesale's (COST) stock price has been on a steady upward trajectory in recent years, currently trading around the $700 mark. The company's strong financial performance, including consistent revenue and earnings growth, has made it a favorite among investors.

Potential for a Stock Split

With the stock price approaching $1000 per share, analysts are speculating that Costco may be due for a stock split. A stock split is a corporate action where a company increases the number of shares outstanding while decreasing the price per share. This makes the stock more affordable to a broader range of investors.

Costco has a history of stock splits, with the most recent one occurring in 2015. Historically, the company has split its stock when the price has reached a certain threshold, typically around $700-$800.

Factors Supporting a Split

Several factors support the possibility of a Costco stock split in 2024:

• The stock price is approaching $1000, which is a common threshold for companies to consider a split.
• Costco has a track record of stock splits in the past.
• The company's strong financial performance suggests that it can continue to grow and support a higher stock price.
• A stock split could make Costco's shares more accessible to retail investors.