![]() ![]() It entered this year at $234 and has been declining since then. However, as the lockdown restrictions eased and people started returning to the office, the stock started its downward journey. SPOT stock went from $122 in April 2020 to $278 in July 2020 and continued to soar as high as $365 in February 2021. ![]() The company was listed on the stock exchange in 2018, but hadn’t made much progress until the pandemic hit. But there is positive news, and I think SPOT stock is a buy-and-hold for the long term. Spotify, Google, Stitcher – Find your favorite podcasting app here.Like several other companies, Spotify reported slow growth in the monthly active users and this had an impact on the stock’s performance. Why? In the new episode of my podcast, The Compound Show, I attempt to answer the question, and I think I have it right. But almost none of them are undergoing a stock split. This year, over 40% of S&P 500 stocks are currently trading above 100. The saddest part about the whole thing is that it actually worked. ![]() It was one of the dopiest aspects of an already preposterously amateurish era of speculation and spectacle.īut there we were, buying stuff like Lycos and and SDLI Interactive as they crossed above 95 per share, eagerly awaiting the split announcement we knew would bring in the next wave of equally carefree buyers to replace us. Investors were buying stocks specifically because they were about to split. The peak of the stock split era was from 1995 through 2000. What does it mean for you? What might it mean for the broader market? And why have stock split announcements become so scarce in recent years? Did something change? Why stock splits disappeared from our livesĪpple is splitting its stock 4-for-1 in two weeks. ![]()
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