Why Investors Shouldn't Care About Alphabet's Stock Split
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is the parent company of both Android and Google, and the high value of these two brands helps make Alphabet's stock very expensive. In fact, as of Feb. 16, it was more than $2,700 per share.
Soon, the per-share price will be much lower, though. Alphabet announced it is splitting its stock 20-for-1 in July. Shareholders of record on July 1 will end up with 20 times their number of shares. But each of those shares will be worth around $135, assuming the stock is still trading for around $2,700 at the time.
Stock splits get a lot of headlines, and they leave many investors asking whether to buy before or after the split occurs. The reality is that it really doesn't matter at all. Here are two big reasons.
Source Fool.com
