Costco's High-Flying Stock Nears a Stock Split Threshold
The Big Picture
In the realm of the stock market, Costco Wholesale Corporation (COST) stands out as a towering figure. Its shares rank among the most expensive in the prestigious S&P 500 index, a testament to the company's enduring popularity and financial prowess. However, despite its lofty valuation, Costco has not executed a stock split in over two decades.
Recent Performance and Stock Split Speculation
In recent years, large-cap and mega-cap stocks—those representing companies with sizeable market capitalizations—have exhibited remarkable performance. Costco, a mega-cap stock, has been no exception, with its share price soaring to dizzying heights. As the stock approaches the $1,000 per share mark, speculation is rife that a stock split may be on the horizon.
Historical Perspective
Costco's stock has experienced a spectacular ascent over time. Its last stock split occurred way back in 2000, when the company issued two shares for every outstanding share. Since then, the stock has steadily climbed in value, fueling investor enthusiasm.
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