- Investors are welcoming Amazon's Wednesday evening announcement for a planned 20-for-1 stock split coming June, accompanied by a $10 billion share buyback authorization.
- AMZN stock surged as much as 11% in late trading following the announcement, which marks the first of its kind in more than two decades for Amazon.
- In addition to enabling greater flexibility for employees in managing their equity in Amazon, the stock split also aims to increase accessibility for retail investors to Amazon shares.
- The latest development complements Amazon's already-strong growth prospects, led by surging opportunities arising from two of the fastest-growing digitization trends - e-commerce and cloud computing.
- The stock split is expected to draw additional demand from investors looking for high quality investments under today's volatile market climate, further bolstering AMZN stock's valuation prospects ahead.
For further details see:
Why Amazon's 20-For-1 Stock Split Reinforces Its Ride To $2 Trillion