It could be a stock-split summer on Wall Street. Some of a flurry of recently announced splits are nearing completion, with potential consequences for the Dow Jones Industrial Average, while more may be on the way.
Investors love stock splits because they provide the illusion of getting something for nothing, although logically, they shouldn’t really matter. Cutting a 16-inch pizza into 16 slices rather than eight doesn’t create more food.
But…
