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Amazon Splits Its Stock Next Week. Who’s Next, and Why It Matters.
By
Eric J. Savitz
Updated June 2, 2022 8:25 am ET
........Monday will be the first trading day following a 20-for-1 split in Amazon.com shares that the company (ticker: AMZN) announced on March 9. Amazon AMZN –0.26% stock initially got a lift in response, though worries about a slowdown for e-commerce businesses generally have been weighing on the shares. The price is now down about 12% since the split plan was revealed.
There are other high-profile splits in the offing. Google’s parent, Alphabet GOOGL +0.78% (GOOGL), has declared a 20-for-1 split that is set to take effect in mid-July.
Tesla TSLA +2.77% (TSLA) also has announced that it intends to split its stock, but hasn’t disclosed the ratio or timing.
GameStop (GME) likewise has asked shareholders to expand their share-issuance authorization to enable a split, but it hasn’t announced any specific ratio or timing.
Apple AAPL –0.50% was the latest high-profile tech company to complete a split, dividing its stock 4-for-1 in 2020.
https://www.barrons.com/articles/amazon-...eid=yhoof2
By
Eric J. Savitz
Updated June 2, 2022 8:25 am ET
........Monday will be the first trading day following a 20-for-1 split in Amazon.com shares that the company (ticker: AMZN) announced on March 9. Amazon AMZN –0.26% stock initially got a lift in response, though worries about a slowdown for e-commerce businesses generally have been weighing on the shares. The price is now down about 12% since the split plan was revealed.
There are other high-profile splits in the offing. Google’s parent, Alphabet GOOGL +0.78% (GOOGL), has declared a 20-for-1 split that is set to take effect in mid-July.
Tesla TSLA +2.77% (TSLA) also has announced that it intends to split its stock, but hasn’t disclosed the ratio or timing.
GameStop (GME) likewise has asked shareholders to expand their share-issuance authorization to enable a split, but it hasn’t announced any specific ratio or timing.
Apple AAPL –0.50% was the latest high-profile tech company to complete a split, dividing its stock 4-for-1 in 2020.
https://www.barrons.com/articles/amazon-...eid=yhoof2
