Here’s How Amazon’s Stock Split Affects Investors
The famous e-commerce giant Amazon (NASDAQ: AMZN) announced a 20-for-1 stock split after the market closed on March 9. Prior to the move, speculation for the move had risen since the stock price reached thousands of dollars per share.
It could be long overdue. As of this writing, Amazon was trading at $2,910 per share. While many brokerages allow investors to buy fractional shares, large stock prices sometimes discourage folks from buying. Let's look at the details from the announcement and what investors should know.
Amazon announced a 20-for-1 stock split on March 9. Image source: Getty Images.
Source Fool.com
