Amazon is doing what’s known as a stock split, which increases the number of shares outstanding that a company has and also lowers its stock price, making it more affordable for the average investor.
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.New York For many average investors, the price of just one Amazon share has been prohibitively expensive. There are a lot of things a person can spend about $2,500 on instead of one tiny piece of"Prime" stock market real estate.
That's about to change. Amazon is doing what's known as a stock split, which increases the number of shares outstanding that a company has and also lowers its stock price, making it more affordable for the average investor.The split, which takes effect Monday, will be a 20-for-1 transaction, meaning that if you owned one share of Amazon, you'll wind up with 20 shares after the split that each cost about 1/20th of the previous price.
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