The company announced Wednesday its board approved a 20-for-1 stock split, its first split since 1999. If approved by shareholders later this month, the split will go into effect June 6.
The company announced Wednesday its board approved a 20-for-1 stock split, its first split since 1999. If approved by shareholders in May, the split will go into effect June 6. Amazon closed Wednesday at $2,785 per share. If the stock split were to happen today, Amazon's stock would be worth $139 a share.Don't worry, Amazon stockholders -- your stakes will still be worth the same. You'll be holding 20 times more shares when all is said and done.
Apple , for example, announced a 7-for-1 stock split in 2014 and got included in the Dow in 2015. Amazon's split is no guarantee that it will be included in the Dow, but the index may want the world's most valuable retailer, which is also a major cloud provider and media giant.
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