[Stock Prediction] How will Tesla close on Friday 26th August？
Tesla 's 3-for-1 split will take effect after the close of trading on Wednesday, Aug. 24. Investors will be able to buy and sell shares on a post-split basis for the first time on the morning of Thursday, Aug. 25. How will Tesla close on Friday 26th August？stock splits don’t affect a company’s total market capitalization because the price of each share will reflect the split. Stock splits don't have a fundamental impact on a company's business, but investors nevertheless often see them as a positive sign of optimism. Lower share prices can make it easier for small investors to buy shares.
Since 1980, stocks that have split have typically gained about 25% one year after the move, compared with the broader market’s 9% increase, according to a Bank of America Corp. analysis as of March.
Tesla enacted a 5-for-1 stock split about two years ago. The company’s last split, a 5-1 split, was in August 2020. Following that split, Tesla’s stock price surged 60% from the day of the announcement until its execution.
Last Friday, with the release of "hawkish" remarks by Fed officials, the market expected the Fed to continue to raise interest rates, and US stocks fell sharply, especially technology stocks. On Monday, the US stock market continued its decline last Friday, with the Dow falling 1.9% and the S&P 500 index and Nasdaq Composite Index falling more than 2%.
Several unprofitable tech startups were valued largely based on investor expectations of strong growth, making them especially susceptible to higher borrowing costs. Fed Chairman Jerome Powell will address his colleagues Friday at 10 a.m. ET at the Fed’s annual symposium in Jackson Hole, Wyoming. This year’s focus at the Kansas City Fed-sponsored event will be “Reassessing Constraints on the Economy and Policy.”
Market participants will be looking for clear guidance about how far policymakers are looking to push the inflation fight, what the criteria will be and what might be the consequences from the fight. In addition, it affects the stock price of the entire market, including Tesla.
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How will Tesla close on Friday 26th August？(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
It will be very interesting to see $Tesla Motors(TSLA)$ options movement!
$Tesla Motors(TSLA)$
Today Tesla closed at 889.36 up 2.26% from yesterday. With the stock split happening, Tesla's price would be around 296.
Stock splits in general tend to be good for the company. Tesla's stock split does not make it more valuable but will certainly drive up demand from retail investors who previously couldn't afford to buy Tesla. Tesla employees will also benefit if new investors push the price higher and make it easier for the shares to sell.
I am bullish on Tesla and predict the share price will be between 300 to 310 range on Friday's closing.
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