September 29, 2022

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Amazon Stock Gains Ahead of Split Debut: Opening Pegged Near $125

2 min read

Updated at 12:53 pm EST

Amazon  (AMZN) – Get Amazon.com, Inc. Report shares powered higher Monday in the first day of trading following a 20-for-1 split of the online retailing giant’s stock that will bring its nominal price closer in line with mega-cap tech peers such as Apple  (AAPL) – Get Apple Inc. Report and Meta  (FB) – Get Meta Platforms Inc. Class A Report.

Amazon said shareholders of record on May 24 received 19 extra shares of the group for each one held after the split, which was first made public in March. The split — the first for the company in three decades — was formalized after the close of trading Friday and will begin changing hands on the adjusted basis later today. 



2022-06-06 12:53:00

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