拆股浪潮卷土重来，美股牛市再迎助力？

腾讯美股2021-06-03

历史数据显示，认为拆股有利于股票长期表现的说法是站不住脚的。比如，就标普500强股票的平均表现而言，在拆股发生之前的五年时间当中，拆股股票有四年的表现都是好于指数本身的，但是在拆股发生之后的五年时间当中，该股票的表现则有四年是不及基准指标的。近期以来，股票拆分再度成为了美国上市企业的一种时尚，而这种曾经被华尔街抛弃多年的实践东山再起是否合理，也成为了坊间热议的焦点。上周，英伟达成为了过去...

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精彩评论

PowerUp
2021-06-03
PowerUp
$英伟达(NVDA)$要破700了。加油[财迷]
卓乐
2021-06-03
卓乐
好啊
- MyKhoo:
  K
LMF83
2021-06-03
LMF83
Good
神明保佑
2021-06-03
神明保佑
很好
Kokmun0087
2021-06-03
Kokmun0087
多谢分享
Zongzi_xin
2021-06-03
Zongzi_xin
关注一下。。。。[微笑] [微笑] [微笑]

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Lehmann）解释道，“可是，对于处在特定价位的特定股票而言，拆股却又确实可以给人以一种视觉层面的不同感受，对于一部分投资大众而言，要改变的他们的这种想法也是很难的。”\n其实，企业会选择拆股，最主要的动机是非常简单的——让每一股的价格变得低廉，让投资者更方便买进。英伟达的股价目前已经达到了大约650美元，从2019年年初算起翻了两番。该公司于是发表声明称要进行一分为四的拆股，旨在“让投资者和员工更容易持有股票”。\n曾经，拆股被广泛视为牛市的一种典型特征，失去市场的广泛青睐其实只是不久前的事情。在2006年和2007年，即上一个美股大盘创下新高的周期，标普500强当中有47家选择了拆股，而其中三家，即英伟达、Paccar和Cummins，甚至连续拆分两次。可是到了2019年，全年也只有2家标普500强选择拆股。\nBTIG首席股票和衍生产品策略师伊曼纽尔（Julian Emanuel）解释说，现在拆股的决定越来越难以做出，是因为交易平台发生了变化，简而言之就是免佣金券商兴起，以及零股机制出现。这些发展“很大程度上已经使得一只股票的价格高低变得不再相干了”。\nRobinhood等券商现在都允许投资者只买进一只股票的一部分，比如说谷歌母公司Alphabet的A类股票，价格超过2300美元，而投资者只买1美元也是可以的。\n历史数据显示，认为拆股有利于股票长期表现的说法是站不住脚的。比如，就标普500强股票的平均表现而言，在拆股发生之前的五年时间当中，拆股股票有四年的表现都是好于指数本身的，但是在拆股发生之后的五年时间当中，该股票的表现则有四年是不及基准指标的。\n新一轮拆股潮的兴起也引起了市场的广泛猜测，很多投资者都觉得其他大科技公司也可能跟进，采取类似行动，比如股价已经达到四位数的亚马逊。在1998年至1999年间，亚马逊曾经连续三次拆股，但是在那之后，这种事情就再也没有发生过。电商巨头目前的股价已经超过3200美元，自最后一次拆股至今，历史涨幅超过了5000%。\n且不说历史表现记录在发出怎样的信号，过去一年以来，散户投资者全线崛起，成为市场当中高度活跃的一支力量，这或许也是许多公司开始打起拆股算盘的一个重要原因。\n彭博的数据显示，现在，美国散户交易者在市场上的交易总量排名，已经仅次于做市商和独立高频交易商。散户群体现在甚至已经超过了量化投资者群体、对冲基金，以及传统的多头玩家。\n“大量投资现在都是由心理学因素驱动的。” Jensen InvestmentManagement投资组合经理人沃尔库什（Kevin Walkush）指出，“现在，散户投资者再也不必面对是否选择零股的考虑了，他们完全可以直接买进拆分后的股票。这就意味着，市场的大门正对散户日益敞开。”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":118000826,"gmtCreate":1622705037365,"gmtModify":1634098962592,"author":{"id":"3555306569539254","authorId":"3555306569539254","name":"PowerUp","avatar":"https://static.tigerbbs.com/db0edd6c8561e56d56aaaf9e060129d9","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3555306569539254","authorIdStr":"3555306569539254"},"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a>要破700了。加油[财迷]&nbsp;","listText":"<a 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