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Market Plunge: 1 Stock-Split Stock to Buy Now and Hold Forever

Danny Vena, The Motley Fool
·5-min read
Market Plunge: 1 Stock-Split Stock to Buy Now and Hold Forever

In recent months, several investor-favorite stocks have been climbing aboard the good ship stock split, but the news of these splits has taken a back seat to the historic volatility and plummeting stock market. The tech-heavy Nasdaq has fallen deep enough to be well into bear market territory, down roughly 29% from its November high, while the S&P is flirting with the bear as well closing the week down 18.7%. Just last month, Shopify (NYSE: SHOP) announced plans for a 10-for-1 stock split, after years of stellar growth had made the shares inaccessible to many retail investors.

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