/O)
Stock splits have a way of stirring excitement in the market. They make shares more affordable, increasing liquidity and lowering barriers to entry for retail investors. History has shown that splits often generate excitement and offer retail investors an easier way in. Many investors see the lower per-share prices as a psychological win.
Now, O’Reilly Automotive (ORLY) is joining the list of high-profile splits. The auto parts retailer has delivered staggering growth over the past two decades, with shares surging over 5,307%. Now, its board of directors has approved a 15-for-1 split, pending shareholder approval. The split is designed to make stock ownership easier for employees through its stock purchase program. If approved, shareholders will receive 14 additional shares for every 1 held as of June 9. Trading on a split-adjusted basis would begin on June 10.
