Will Costco Follow Walmart's Lead and Split Its Stock?

Walmart (WMT 0.05%) surprised many investors when it announced a stock split in late January. Stock splits are most common when share prices are nearing over $1,000, not when a stock trades for around $175 (pre-split).But Walmart gave a great reason for splitting its stock:Sam Walton believed it was important to keep our share price in a range where purchasing whole shares, rather than fractions, was accessible to all of our associates. Having employees own stock gives them a sense of ownership, making them ...