Why Amazon Won't Split Its Stock

After both Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA) split their stocks last month, investors rightly wondered whether another high-flying stock, Amazon.com (NASDAQ: AMZN), would also split its shares.

After all, with its shares at over $3,100 apiece, now would seem an opportune time to jump on the bandwagon. But I don't think Amazon will. Despite having split its shares three times in the past, the situation today is much different, and it appears Amazon is happy to remain a high-priced stock.

Image source: Amazon.com.

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Source Fool.com