Top 5 Trending Stocks Today

4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 72

Tesla, Inc. (NASDAQ:TSLA) came into the limelight today after completing a three-for-one stock split. The latest move is apparently intended to diversify its investor base. The split means the company’s existing shareholders will receive two additional shares for every share they hold.

Shares of Tesla, Inc. (NASDAQ:TSLA) ended the day at $891.29 in the previous trading session. The stock was seen trading at around $303 in pre-market trading Thursday following the split.

For those of you thinking whether a stock split would change the valuation of Tesla, Inc. (NASDAQ:TSLA), the answer is negative. The company’s market capitalization is still hovering around $930 billion.