Down Nearly 40% From Its High, Is This Stock-Split Stock a Buy?
Amazon (NASDAQ: AMZN) is heading for an important moment this month. The retail giant's shareholders recently approved a 20-for-1 stock split. And the operation is about to happen. The shares will start trading on a split-adjusted basis on June 6.
Meanwhile, Amazon's stock performance hasn't been too bright. The shares have lost 37% since their high last July. And they've declined 30% so far this year. So, we can't exactly say Amazon has momentum right now. Does this mean we should avoid the shares? Or is the decline a great opportunity to get in on a long-term success story? Let's find out.
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Source Fool.com
