Amazon stock split
The stock split wont equal long-term gains. Amazon has revealed a 20-for-1 stock split in filings to the US Securities and Exchange Commission SECThe event will massively reduce the post-split price of a single Amazon share although the overall value of a holding should remain unchanged.
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On March 9 the e-commerce giant followed in Alphabets footsteps with a 20-for-1 stock split announcement of its own.
. Shopify shares were rising Monday after the e-commerce platform announced it was planning a 10-for-1 split of common stock. Amazons split will take effect in early June if its shareholders give it the. Announced on Wednesday March 9 that its board of directors had authorized a 20-for-one stock split and 10 billion buybackThe split is the Seattle-based.
AMZN stock shot higher in after-hours trading on some big newsFollowing in the footsteps of other Silicon Valley giants the e-commerce company said it would enact a 20-for-1. The stock split will effectively divide Amazons current shares into 20 smaller pieces of the company. Amazons upcoming stock split is great news for the reason I mention above.
SHOP joins a growing list of companies seeking. Using todays price of 2135 after the stock split Amazon would trade for about 107.
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