TipRanks
Amazon Split Its Stock 20-for-1 — and That’s Not Even the Best Reason to Buy the Stock
On Wednesday, March 9, Amazon (AMZN) dropped a bombshell: For the first time since September 1999, the first time this century — the first time this millennium — Amazon will split its stock. And we’re not talking a tiny 2-for-1 or 3-for-1 split, either. After watching its share price rise an astounding 4,000%-plus over the last couple decades, Amazon will need to split its $2,900 stock into much tinier pieces in order to get the per-share price down to a reasonable-seeming level. Accordingly,
