Company Of The Day: Amazon
What?
Amazon (NASDAQ:AMZN) announced a 20-for-1 stock split on Wednesday, its first split since 1999. Trading based on the new share price will start on June 6.
Why?
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Amazon currently trades at close to $2,800 per share, and a split could help to make the stock more accessible to retail investors.
So What?
Amazon stock rallied by almost 7% in after-hours trading on Wednesday.
See Our Complete Analysis For Amazon
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| Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| AMZN Return | -9% | -16% | 271% |
| S&P 500 Return | -2% | -10% | 91% |
| Trefis MS Portfolio Return | -3% | -13% | 244% |
[1] Month-to-date and year-to-date as of 3/10/2022
[2] Cumulative total returns since the end of 2016
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