Stock splits are making a comeback — but there are still plenty of sky-high share prices in the S&P 500.
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Thirteen S&P 500 stocks, including homebuilder NVR (NVR), travel agent Booking Holdings (BKNG) and Chipotle Mexican Grill (CMG), are all trading for more than 1,000 a share, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
And that’s even following a massive 10-for-one split by Nvidia.
The Rising Price Of S&P 500 Stocks
It’s not surprising the share prices of stocks keep pushing the limit.
The average S&P 500 stock is up 5%, pushing the average per-share price in the index to 217, excluding Berkshire Hathaway class A shares at 613,860. That’s well past the typical 70 a share where companies normally will consider a split.
And already, the S&P 500 split announcements are rolling in. Chipotle, trading at 3,365 a share, announced a split this year. So, too, did computer chip designer Broadcom (AVGO) at 1,839 a share.
But high-priced S&P 500 stocks still abound.
More Splits To Come?
NVR is the most dearly priced stocks after Berkshire Hathaway’s A shares. The homebuilder’s shares trade for 7,688 apiece following a nearly 10% rally this year. And third highest is Booking, with shares at 3,953 each after an 11.4% run this year.
Could more splits be coming? Absolutely. Already this year, nine S&P 500 stocks completed splits. And with stocks at nosebleed levels, more are certainly on the way.
High-Priced S&P 500 Stocks
All trade for 1,000 or more
| Company | Ticker | Stock price | YTD % ch. | Sector |
|---|---|---|---|---|
| Berkshire Hathaway | (BRKA) | 613,860.00 | 13.1% | Financials |
| NVR | (NVR) | 7,687.98 | 9.8% | Consumer Discretionary |
| Booking Holdings | (BKNG) | 3,953.07 | 11.4% | Consumer Discretionary |
| Chipotle Mexican Grill | (CMG) | 3,365.46 | 47.2% | Consumer Discretionary |
| AutoZone | (AZO) | 2,938.83 | 13.7% | Consumer Discretionary |
| Broadcom | (AVGO) | 1,828.87 | 63.8% | Information Technology |
| Mettler-Toledo | (MTD) | 1,447.76 | 19.4% | Health Care |
| Fair Isaac | (FICO) | 1,409.96 | 21.1% | Information Technology |
| TransDigm | (TDG) | 1,318.91 | 30.4% | Industrials |
| Lam Research | (LRCX) | 1,071.70 | 36.8% | Information Technology |
| Regeneron Pharmaceuticals | (REGN) | 1,045.37 | 19.0% | Health Care |
| O’Reilly Automotive | (ORLY) | 1,043.25 | 9.8% | Consumer Discretionary |
| Deckers Outdoor | (DECK) | 1,017.49 | 52.2% | Consumer Discretionary |
Sources: IBD, S&P Global Market Intelligence
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