Other S&P 500 companies that have done stock splits this year saw nice boosts after announcing splits but muted action after they took effect.
The S&P 500 index is up over 14% year-to-date, while the Nasdaq Composite is up 18%, but retail investors still think cash is king.
New home sales at 619,000 annual rate in May versus 640,000 in prior month.
Chilled storage specialist was founded in 2008 by two Morgan Stanley veterans.
FedEx has placed its freight business under strategic review, the company said when it reported fiscal fourth-quarter results Tuesday.
Both the S&P 500 and Nasdaq Composite have seen a remarkable record-setting run so far in 2024, even as some corners of the stock market have continued to struggle. But trouble may lurk in the back half of the year.
A Stifel analyst says legacy carmakers don’t have the EV know-how to adequately compete with Tesla.
Closely followed technician Tom DeMark says a months-long uptrend in the stock market is likely about to hit a temporary peak before a fresh run at a new high.
