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Amazon's Board approved the 20-for-1 stock split announced in March at the 2022 Annual Meeting of Shareholders on May 25. The split will enable more investors to afford to invest in Amazon, and it...
Amazon announced that its Board had approved a 20-for-1 stock split, sending the stock soaring on Wednesday, March 9. In addition, the company also announced that the Board approved a $10 billion
Amazon split its shares 20:1 in 2022, as did Alphabet. Shopify enacted a 10:1 split that year. ... There are three dates to be aware of in the event of a stock split: Record date: ...
After announcing a long-awaited stock split and a buyback program, the shares of Amazon (NASDAQ:AMZN) are finally trending in the right direction. Source: MACH Photos / Shutterstock.com The ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Both companies split their stock 20-for-1 in 2022, when each traded for more than $2,000 per share. This brought them down to more reasonable levels, at a split-adjusted $100 per share.
The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]
The company on Wednesday announced a 20-for-1 stock split, its first since 1999, and a $10 billion share buyback. It comes on the heels of a similar split announced by Alphabet Inc earlier this year.