As Amazon (NASDAQ: AMZN) shares topped $3,600 in recent times, investors have had one question on their minds: Will the retail giant announce a stock split? Such a move is interesting because it lowers the price of a single share. And that opens the door to a broader range of investors. Some investors don't want to invest thousands of dollars in just one stock, for example. (There is the option of fractional shares -- but certain brokerages don't offer them.)
Amazon satisfied investors' curiosity last week. The company announced a 20-for-1 stock split. If shareholders approve, it will take place in early June. So, will the stock take off then? Let's look at Amazon's last stock split for a few clues.
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For further details see:
Here's What Amazon's Stock Did After Its Last Stock Split