These splits have helped to drive prices higher, for perspective Tesla TSLA stock has soared by almost 2x since its five for one split was announced. Although splits don’t change the fundamentals of a company, investors see them as a sign that growth could remain strong going forward. Considering this, high-profile stock splits have made a comeback, with Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) splitting their shares in late August.

With the big market rally this year, many stocks are trading at around all-time highs. See our theme on Stocks Poised For A Split for a complete list of companies and the criteria we've used to pick stocks.

Below is a bit more about some of the companies and why they’ve been outperforming. Now although splits don’t change the fundamentals for a company, they typically cause a run-up in the stock price post-announcement as investors see them as a signal that management is confident that growth will remain strong going forward.

In our indicative theme of Stocks Poised For A Split, we’ve identified a group of over ten companies from the S&P 500 with a strong track record of revenue growth, with their stocks also trading at high prices, potentially making them candidates for a stock split. Now it's looking quite likely that we will see more high-profile stock splits this year, considering that the S&P 500 is up a solid 80% from the lows of March 2020, with many large-cap stocks trading around their all-time highs. The stock is expected to trade on a split-adjusted basis from July 20. Nvidia (NVDA) stock rallied by almost 10% over the last week, after the company announced its first stock split in almost two decades. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images BRAZIL - 3: In this photo illustration the Nvidia Corporation logo seen displayed on a.

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