Latest news with #stocksplit
Yahoo
17 hours ago
- Business
- Yahoo
Stock-Split Watch: Is CoreWeave Next?
Key Points Stock splits aren't always easy to predict, but there are clues investors can watch for. The big clues are around the share price and whether it's made a big move, either up or down. CoreWeave went public at the end of March, and the stock has done quite well since. 10 stocks we like better than CoreWeave › Large initial public offerings have done well this year. One of them is CoreWeave (NASDAQ: CRWV), a company that fashions data centers with advanced graphics processing units (GPUs) specifically for running large language models and artificial intelligence (AI) applications. Instead of having to build their own infrastructure, a costly and complex undertaking, companies looking to create and run AI applications can essentially rent the infrastructure from CoreWeave. Since going public in March, CoreWeave has gone on a parabolic run and is already up 200% to a $59 billion market cap (as of July 25). Could a stock split soon be in the cards? Understanding stock splits Stock splits and reverse stock splits are tools used by companies to change the share price of a stock and a company's outstanding shares without changing the market cap. That's crucial for investors to understand. If you own a stock before it undergoes some kind of stock split, you will see the stock price and number of shares you own change, but your equity position will remain the same. Stock splits decrease the share price and increase the shares outstanding. They can be a useful way for a company to make the stock feel more attainable for investors if it just went on a big run and now trades for hundreds or thousands of dollars per share. Stock splits can also boost liquidity. An example of a stock split would be a 2-for-1 stock split. Let's say an investor owned 10 shares of a stock trading at $200 per share, meaning their total equity position amounted to $2,000. In this scenario, the company would exchange two shares for each one the investor owned, so the number of shares the investor owned would double from 10 to 20. But remember, the equity position of $2,000 remains the same, so the new share price would be $100 ($2,000/20 shares). A reverse stock split does the opposite and increases the share price while lowering the total share count. A common use of a reverse stock split would be if a company is struggling to get into compliance with rules set by the New York Stock Exchange or Nasdaq. Both exchanges require companies to trade for $1 for 30 consecutive trading days. A reverse stock split could help a company get its stock price above $1 and back into compliance if it thinks it will be able to turn things around and wants to stay on a major exchange. Companies may also use a reverse stock split to increase its stock price up to a level more in line with peers. Is CoreWeave Next? CoreWeave has been on a big run, but it's not abnormal to see large AI stocks trading for hundreds of dollars per share, as they've been popular. I suppose the company could conduct a stock split to get its share price down to make the stock more attainable, but I don't see a real need. CoreWeave is a fast-growing company in the AI space, so I suppose if the AI rally continues, the stock could go on another big run, making management once again think about a stock split. However, this seems unlikely to happen in the near term. According to MarketWatch, only about 74% of CoreWeave's outstanding shares are public right now. That's because several large shareholders are still under lock-up agreements, which is common to see after an IPO and means they aren't allowed to sell their shares for a certain amount of time. Most of the lock-up periods for insiders at CoreWeave reportedly expire in late September, when most insiders will be able to sell shares. Not only will this add liquidity, but it could induce selling pressure as more supply floods the market. Additionally, CoreWeave does not appear to be at any risk of breaching compliance rules with the Nasdaq, with its huge market cap and a share price over $120, as of this writing. Do the experts think CoreWeave is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did CoreWeave make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,041% vs. just 183% for the S&P — that is beating the market by 858.71%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Stock-Split Watch: Is CoreWeave Next? was originally published by The Motley Fool Sign in to access your portfolio
Globe and Mail
3 days ago
- Business
- Globe and Mail
ChargePoint Announces Reverse Stock Split
ChargePoint (NYSE: CHPT the 'Company'), a leading provider of EV charging solutions, announced that today the Company implemented a reverse stock split of its common stock at a ratio of 1-for-20, which will be reflected at market open. The reverse stock split is intended to increase the market price per share of the Company's common stock and help the Company comply with the minimum trading price criteria for continued listing on the New York Stock Exchange (the 'NYSE'). On July 8, 2025, ChargePoint shareholders approved a reverse stock split ratio within a range of 1-for-2 to 1-for-30 at the Company's 2025 Annual Meeting of Stockholders (the 'Annual Meeting') and authorized the Company's Nominating and Corporate Governance Committee to determine and execute the final ratio. The Company's Nominating and Corporate Governance Committee subsequently approved the final reverse split ratio of 1-for-20. The reverse stock split will not modify any rights or preferences of the Company's common stock. The trading symbol for the Company's common stock will remain 'CHPT.' The new CUSIP number for the Company's common stock following the reverse stock split will be 15961R 303 and the new ISIN number will be US15961R3030. Effective as of 12:01 am Eastern Time today, July 28, 2025, every twenty (20) issued and outstanding shares of the Company's common stock have been converted into one share of the Company's common stock. The reverse stock split will affect all shareholders uniformly and will not affect any shareholder's percentage ownership interest in the Company (except to the extent that the reverse stock split would result in any of the shareholders owning a fractional interest). Shareholders who otherwise would be entitled to receive fractional shares will receive a cash payment in lieu of such fractional shares. Stockholders who hold their shares in 'street name' that is through a brokerage firm, bank, dealer or other similar organization, will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker's particular processes, and do not need to take any action in connection with the reverse stock split. Stockholders of record will be receiving information from Continental Stock Transfer & Trust Company, the Company's transfer agent, regarding their stock ownership following the reverse stock split. Additional information regarding the reverse stock split and other matters voted on at the Annual Meeting can be found in the Form 8-K filed with the U.S. Securities and Exchange Commission on July 9, 2025, and on ChargePoint's Investor Relations website at ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. About ChargePoint Holdings, Inc. ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint's extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.25 million charging ports worldwide. ChargePoint has facilitated the powering of more than 16 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding the commencement of trading of the Company's post-split Common Stock and the Company's potential to regain compliance with the continued listing standards of the NYSE. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release and additional risks and uncertainties that could affect our financial results or ability to comply with the NYSE continued listing requirements which are included under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in our Form 10-Q filed with the Securities and Exchange Commission (the 'SEC') on June 6, 2025, which is available on our website at and on the SEC's website at Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
Yahoo
3 days ago
- Business
- Yahoo
Stock-Split Watch: Is Newsmax (NMAX) Next?
Key Points Newsmax has been extremely volatile since its IPO in March. It's probably not in stock-split territory unless there's a dramatic change in its share price. Financial losses and legal issues make Newsmax a risky investment. 10 stocks we like better than Newsmax › Conservative media company Newsmax (NYSE: NMAX) has taken investors on a wild ride in its first few months on the stock market. Shares were priced at $10 for the company's initial public offering (IPO) on March 31, 2025, but rocketed as high as $265 a day later. Most of those gains have since been wiped out, as the stock trades at about $14 at the time of this writing on July 21. Dramatic gains or losses are sometimes a precursor to a stock split. Let's examine why companies split their stocks and see if that's a move to expect from Newsmax anytime soon. The mechanics of a stock split When a company conducts a forward stock split, the number of outstanding shares increases, while the share price decreases by a proportional amount, leaving the company with the same overall value. For example, if a company that's trading at $1,000 a share conducts a 10-for-1 stock split, the number of shares is multiplied by 10. For every one share an investor holds, they receive an additional nine shares. The share price is divided by 10, bringing it down to $100. So, if you owned one share valued at $1,000 to start, after the split you own 10 shares valued at a total of $1,000. A forward stock split is generally considered a good sign. The company's share price has gotten high enough to warrant a split, and by lowering the share price, the company could increase trading volumes and attract more investors. There's also a reverse stock split, which works in the opposite fashion. The number of shares decreases, and the share price increases. Imagine a company that's trading at $5 per share conducts a 1-for-5 reverse split. Investors would receive one share for every five shares they previously owned, and the share price would increase to $25. Unlike forward splits, reverse splits aren't a positive development. Companies normally conduct reverse splits when their share prices have dropped too much, and their stock is in danger of being delisted from its exchange. Will Newsmax stock be the next to split? If Newsmax had kept its positive momentum going, it may have eventually decided to split its stock as its price would have been skyrocketing. But with how much the share price has dropped, a forward stock split isn't going to happen. A reverse stock split could be a possibility if Newsmax falls even further. It's not in any danger of being delisted -- the New York Stock Exchange only requires companies to maintain a share price of at least $1 -- but a low share price (under $10) can be a red flag for investors. Considering that Newsmax went public fairly recently, it will probably want to avoid spooking investors with a reverse split. Its share price is still fine for the moment, although this company isn't exactly on the firmest footing. Newsmax stock is a risky investment Even at Newsmax's current share price, it's far from "on sale." With $171 million in revenue last year and a market cap of $1.9 billion, it's trading at a price-to-sales (P/S) ratio of about 11. Fox, the parent company of its biggest competitor, trades at 1.5 times last year's sales. To Newsmax's credit, its revenue was up 26% year over year in 2024. But it also lost $72 million, 73% worse than its losses in 2023. Newsmax leans heavily to the right politically, an approach that can draw a large base of loyal viewers. Viewership numbers seem to indicate that the strategy is working. In Q1 2025, Newsmax's audience grew by 50% year over year to 33.6 million viewers. The news company's management has also landed distribution deals that should continue to grow its audience. It inked deals with YouTube TV last year and Hulu+ Live TV in May. Newsmax is also a flagship channel on President Donald Trump's streaming platform, Truth+. While Newsmax is appealing to conservative viewers, some stories have landed the company in hot water. Most notably, voting systems suppliers Dominion and Smartmatic sued Newsmax for defamation regarding election fraud stories in 2020. Newsmax agreed to pay $40 million to Smartmatic last year, but the Dominion lawsuit is still ongoing. A similar result would be another sizable hit to Newsmax's bottom line. Newsmax stock is volatile, and being that it's a young stock, projecting where it will go from here is challenging. The odds of an upcoming forward stock split are almost nil, and a reverse split isn't likely, barring a serious decline. It could rebound if it's able to start shrinking its losses and if it avoids further legal issues, but it's not a company I'd invest in at the moment. Should you buy stock in Newsmax right now? Before you buy stock in Newsmax, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Newsmax wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Stock-Split Watch: Is Newsmax (NMAX) Next? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Jim Cramer on Domino's: 'I Thought This Was a Good Quarter'
Domino's Pizza, Inc. (NASDAQ:DPZ) is one of the stocks that Jim Cramer looked at. Cramer mentioned the stock during the episode and suggested that a stock split could be good for the company. He said: 'Sometimes a company reports, and Wall Street can't seem to decide whether to send the stock in question higher or lower. That's exactly what we saw yesterday morning when we got results from… Domino's Pizza… and the market's initial reaction was overwhelmingly positive… Throughout the session, Domino's flipped through positive, negative, positive, before ultimately closing lower by less than 1%. Then today it rallied… Okay, I thought this was a good quarter… Jonathan Weiss/ Domino's (NASDAQ:DPZ) operates and franchises stores, providing pizzas and a variety of food and beverage items under the Domino's brand through a global supply and delivery network. While we acknowledge the potential of DPZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Stock-Split Watch: Is C3.ai Next?
Key Points Companies can use stock splits as a way to change their stock price and share count. They often happen for a specific reason. While they aren't necessarily easy to predict, there are a few clues investors can look for. 10 stocks we like better than › Stock splits are tools that companies can use to artificially manipulate their stock prices or share count. While they aren't always easy to predict, they are typically done for a specific reason and tend to draw interest from shareholders. (NYSE: AI) has been a popular stock to watch among retail investors, as the company has tried to tap into the enthusiasm brought about by the high-flying artificial intelligence (AI) sector. The company hasn't had a great year, and the stock is actually down significantly since going public at the end of 2020. Could a stock split be in the cards? Why companies do stock and reverse stock splits Before we examine whether could conduct some kind of stock split in the near future, it's important for investors to understand what a stock split and reverse stock split is. A stock split allows a company to decrease its share price and increase its shares outstanding, while a reverse stock split does the opposite. It's crucial for investors to remember that stock splits do not change the market cap of a company, so if you own an equity position in a stock before some kind of stock split, the share price might change, but the actual equity position doesn't. Why would a company undergo a stock split? Well, there are a few reasons, but the big one has to do with bringing the share price up or down for a strategic reason. Let's say some high-growth AI company just went on a massive run, and now their stock price trades for more than $1,000 per share. That might look daunting to retail investors, so a company would conduct a stock split to lower the share price in order to make it more appealing. Stock splits can also boost liquidity. A reverse stock split can be a useful tool if a company on the New York Stock Exchange or Nasdaq has fallen out of compliance. Both major exchanges require stocks to trade for over $1 per share for 30 consecutive trading days. If a company is struggling and has seen a big sell-off, but thinks they can turn things around and wants to stay on a major exchange, than a reverse stock split can increase the share price and serve as a bridge until the company gets back on its feet. Will make a move? The enterprise AI company has never conducted any kind of stock split. After listing its initial public offering at $42 in late 2020, the stock surged to as high as $161 per share, but now trades around $28.50 and at a $3.9 billion market cap. So the stock is not unattainable for investors in terms of price and also clearly in compliance with NYSE rules. According to MarketWatch data, the majority of the firm's nearly 131 million outstanding shares are public, so there doesn't appear to be any need to boost liquidity. The only way is likely to conduct a reverse stock split is if it experiences a significant sell-off, which is not necessarily impossible, especially if the stock market starts to struggle. In the company's fiscal year, lost nearly $289 million on revenue of about $389 million. That means the stock is likely overvalued -- at least when looking at valuation. Short interest at the end of June was also very high, at close to 21% of the public float. However, it is not uncommon for AI companies with strong potential to trade at these kinds of valuations. does seem to have potential. The company's software helps developers build AI applications, even if they don't have a ton of experience with building large language models. also claims its software can help developers significantly cut down the time required in writing this complicated code. Ultimately, while might be overvalued, it still seems very unlikely that it would experience the kind of intense sell-off that would require the company to conduct a reverse stock split. Should you buy stock in right now? Before you buy stock in consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool recommends The Motley Fool has a disclosure policy. Stock-Split Watch: Is Next? was originally published by The Motley Fool
