Amazon Stock Split Is Complete. Time to Buy the Stock
It's official: Amazon (NASDAQ: AMZN) just executed its first stock split since 1999.
On Monday, the e-commerce giant gave investors 20 shares for each one they previously held, and consequently, the individual share price plunged. After years of the stock trading in the $1,000 range, it looks odd to see Amazon shares going for just around $120. But while the price of an individual Amazon share is much lower than it was last week, investors shouldn't be fooled. The stock isn't any cheaper than it was, and the value proposition is the same as it was last week before the split was announced.
Though the stock split itself doesn't really matter, there are a number of great reasons to buy Amazon stock now. Let's take a look at a few.
Source Fool.com
