After any stock experiences a major (and apparently durable) rise, it’s almost inevitable that some people will start discussing the possibility that the company will consider a stock split.
Case in point: A year ago, Micron (NASDAQ: MU) was trading for around $100 per share, a price that’s relatively accessible to retail investors
Now, however, after it has risen by more than 600% in just 12 months to over $700 per share, such a move seems more reasonable. So, could Micron be splitting its stock soon? It has been a long time since Micron split its stock It has been more than 25 years since Micron’s last stock split.
In May 2000, it split its stock 2-for-1, following another 2-for-1 split in 1995. Stock splits were a lot more common back then, and there’s no indication of how Micron will act now. However, once a stock nears $1,000, the general mood of most management teams is to enact a stock split.