O'Reilly Automotive plans a 15-for-1 stock split aimed at enhancing stock accessibility for employees. Stock splits generally signal positive market sentiment and can increase investor interest, often resulting in significant post-announcement returns. Statistics indicate that stocks split outperform the S&P 500 significantly in the year following the split announcement. The upcoming O'Reilly split will facilitate easier stock acquisition for employees through payroll deductions, reinforcing the company's growth strategy. With stock splits becoming more common again, investors should take note.
'We feel this is the right time to split the stock and further include our team members in the next chapter of growth for Team O'Reilly,' says CEO Brad Beckham.
Splits matter - because these stocks outperform after the announcement, by a lot. Average returns one year later are 25% vs. 12% for the S&P 500 SPX as a whole.
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