January 31, 2023

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Amazon announces a stock split for its shares and is following in the footsteps of Google and Apple

It hasn’t happened since 1999. Amazon has announced its first stock split in 23 years now. This stock split, which does not technically change the value of the company but often spurs investor optimism, is the fourth in Jeff Bezos’ 28-year history. But the last one dates back to September 1999.

The selection was officially made on Wednesday, March 9, after the markets closed. The stock accelerated quickly, in extended trading, boosting growth today by more than 5 percent. The announced split is 20 for 1, so Amazon shareholders will receive 20 shares for each voucher they currently own. At current value (about $3,000), an Amazon stock could be worth about $146. More easy for the investor Retail.

In any case, the split will form when the markets close on Friday, June 3, to be tradable on the following Monday (June 6).

Another news, announced by the company, also interested in the Amazon title. In fact, Bezos’ board of directors authorized a buy back of stock worth up to $10 billion. The buyback has no expiration date and replaces the previous mandate from 2016, for $5 billion, which has so far led to stock buybacks for $2.12 billion.

The stock split announced by Amazon actually equals What has already been delivered by Alphabet (Google) last month, since even in this case, the stock split is equal to 20 times 1. But in the world of Big Tech, this has also happened in the very recent past with an Apple And the Teslawhich in 2020, in the midst of the market boom during the pandemic, announced its own stock split, 4 for 1 and 5 for 1, respectively.

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