Read the full article on Traders' Insight.
Excerpt:
- Reverse splits are trending once again, a sign of pessimism for corporate America
- Recent splits include: Churchill Downs, Blue Apron and Thomson Reuters
- Ahead of Q2 earnings season, traders might consider eyeing new stock split candidates, and what reverse vs. traditional splits might mean for the companies that announce them
High profile stock splits from Amazon, Alphabet and Tesla stole the headlines in 2022, and by comparison 2023 may seem a little light on that front, but don’t be fooled! With two weeks still left in the quarter, Q2 2023 is on pace for the highest number of split announcements since Q4 2020, albeit with none of those mega cap names that garner the most airtime.
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