Dividend yield is 0.02% - the increase is meaningless anyway.
It's quite amazing to me how the stock splits tends to boost the price, or at least it's the perception. What's the underlying mecanism ?
It's quite amazing to me how the stock splits tends to boost the price, or at least it's the perception. What's the underlying mecanism ?
If you set aside 15% of a gross salary of $100k for 6 months, that's $7500. When the stock is at $1000, you get 7 shares. If the stock is $100, you get 75 shares. The lower your income, the more you miss out on ESPP that way.
It's not a huge deal if the stock is flat (you only get a 15% discount), but for a fast appreciating stock, those additional 5 shares can be real money.
Yes you can.
$1140 strike is <$200
(before markets closed today obviously)
An n-way stock split in theory should reduce the price by a factor of n (that is, a 2:1 split ought to halve the price) but what we're seeing now is likely just price discovery based on the bullish earnings report.
Only some trading platforms allow for buying of fractional shares.
The underlying logic is that lower per share price would increase volume and maybe a bit the price.
Before partial shares and odd lots, it also let less money buy the stock.
Or maybe the actual number is x10 - since we don't want to buy just 1 share, and the real minimum is 10 shares ?
Many individual investors are people who only have like 100-200 USD per month to invest through Robinhood. Or they do have some 401k plan where they get like $400 monthly.
In poor economic theory, there shouldn't be any change, but if you consider behavioral economics, and regulations that introduct inefficiencies it explains the change in price.
It also communicates to investors (through action) the plan, apetite for risk, and investment opportunities (for the company) moving forward.