Amazon Splits 20-for-1

The stock market is up about 1% this morning. Amazon split its stock 20-for-1 and the new share amount goes into effect today. I can’t think of another split that large.

This is Amazon’s first stock split in 23 years. The first three came over a 15-month stretch.

If you bought Amazon at the IPO, you now have 240 times the number of shares. The split-adjusted IPO price was 7.5 cents per share.

Shares of SAIC are up about 6% after its good earnings report.

Posted by on June 6th, 2022 at 10:05 am


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