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Economy

mahatmakanejeeves

(61,849 posts)

7. Amazon stock split sends shares soaring

Reply to mahatmakanejeeves (Original post)

Thu Mar 10, 2022, 06:58 AM

Mar 2022

Yahoo Finance

Amazon stock split sends shares soaring

Brian Sozzi · Anchor, Editor-at-Large
Thu, March 10, 2022, 6:11 AM

Amazon's stock (AMZN) is about to get much cheaper on paper, and investors are loving the newfound opportunity.

Shares of the e-commerce giant soared 7% in pre-market trading on Thursday on the heels of a 20-for-1 stock split announcement. The company also uncorked a massive $10 billion stock buyback plan.

Amazon's stock split is the fourth one in its history. The last split came in September 1999.

If shareholders approve of the split, it will begin trading on the new basis on June 6.

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Reuters Amazon board approves 20-for-1 stock split Wed, March 9, 2022, 4:45 PM In this article: AMZ [View all] mahatmakanejeeves Mar 2022 OP

What does this mean? SleeplessinSoCal Mar 2022 #1

It means it will now be easier to buy 100 shares of Amazon than it used to be. mahatmakanejeeves Mar 2022 #2

how it works...bascially u get 20 shares for every one u have but they are all msongs Mar 2022 #3

Thank You!! SleeplessinSoCal Mar 2022 #4

Stock splits are a normal thing. mahatmakanejeeves Mar 2022 #6

Amazon stock rose 7% in after-hours trading mahatmakanejeeves Mar 2022 #5

Amazon stock split sends shares soaring mahatmakanejeeves Mar 2022 #7