Art Cashin on the short-term effects of stock splits
The legendary floor trader Art Cashin weighs in on the Tesla and Apple stock splits, which became effective today, in an emailed note. Excerpting a piece of it below… Let’s begin with stock splits. I watched as several self-styled pundits on the financial media were beside themselves trying to explain how stocks were actually gaining ground after split. There were all the standard logical rationalizations. ...
source https://thereformedbroker.com/2020/08/31/art-cashin-on-the-short-term-effects-of-stock-splits/
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source https://thereformedbroker.com/2020/08/31/art-cashin-on-the-short-term-effects-of-stock-splits/
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