Economy

mahatmakanejeeves

(61,044 posts) Wed Mar 9, 2022, 06:00 PM Mar 2022

Reuters Amazon board approves 20-for-1 stock split Wed, March 9, 2022, 4:45 PM In this article: AMZ

Reuters

Amazon board approves 20-for-1 stock split

Wed, March 9, 2022, 4:45 PM

March 9 (Reuters) - Amazon.com Inc said on Wednesday its board approved a 20-for-1 split of the company's common stock. (Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber)

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Reuters Amazon board approves 20-for-1 stock split Wed, March 9, 2022, 4:45 PM In this article: AMZ (Original Post) 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

SleeplessinSoCal

(9,678 posts)

1. What does this mean?

Reply to mahatmakanejeeves (Original post)

Wed Mar 9, 2022, 06:05 PM

Mar 2022

mahatmakanejeeves

(61,044 posts)

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

Reply to SleeplessinSoCal (Reply #1)

Wed Mar 9, 2022, 06:14 PM

Mar 2022

I you have 100 shares now, you'll have 2,000 shares after the split. Technically, your holding won't be worth more, but really it probably will. That's only because more people will be drawn to it due to its new lower price per share. I don't know what the share price now is {checking} $2,800, about. So after the split, if prices don't do anything, instead of having one share worth $2,800, you'll have 20 shares worth $140 each. More people, though, will want to buy in at $140 per share, so the price will go up a bit.

msongs

(70,185 posts)

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

Reply to SleeplessinSoCal (Reply #1)

Wed Mar 9, 2022, 06:14 PM

Mar 2022

worth 1/20th of your original share..

here's a tutorial on it

https://www.investopedia.com/ask/answers/what-stock-split-why-do-stocks-split/

SleeplessinSoCal

(9,678 posts)

4. Thank You!!

Reply to mahatmakanejeeves (Original post)

Wed Mar 9, 2022, 06:18 PM

Mar 2022

So many shenanigans...

mahatmakanejeeves

(61,044 posts)

6. Stock splits are a normal thing.

Reply to SleeplessinSoCal (Reply #4)

Wed Mar 9, 2022, 08:45 PM

Mar 2022

Reverse splits are less common, but I've been through them too.

mahatmakanejeeves

(61,044 posts)

5. Amazon stock rose 7% in after-hours trading

Reply to mahatmakanejeeves (Original post)

Wed Mar 9, 2022, 08:43 PM

Mar 2022

CHATTER AWAY: Overnight Open Thread
March 9, 2022 JMG Community, Open Thread

Deadline reports:

Amazon stock rose 7% in after-hours trading after the tech company announced a 20-for-1 stock split and a $10 billion share buyback authorization. The stock finished the regular trading day at $2,785.58, up almost 3% in a stellar session across the board for Wall Street.

Shares in the company have been comfortably above $3,000 throughout 2021 before slumping this year along with those of many other tech firms. They have risen more than tenfold over the past decade, making Amazon one of the world’s most valuable companies, with a market capitalization north of $1.4 trillion.

Read the full article.

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mahatmakanejeeves

(61,044 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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