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Amazon stock split delivers more than bargained for
Business Standard
|June 07, 2022
Stock splits were all the rage early this year as indexes hovered near record highs, with companies from Amazon.com to Alphabet announcing them to make their share prices more alluring to individual investors. A few months on, the market has taken care of the problem.
Amazon, whose 20-for-1 split took effect Monday, is among companies whose stocks have tumbled since the moves were announced amid a broad market selloff that's been especially painful for the technology sector. Shares of the e-commerce giant rose 2 per cent in New York after the split, but shares are still down about 10 per cent since reporting the plan in March. Alphabet, which announced
Cette histoire est tirée de l'édition June 07, 2022 de Business Standard.
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