AMZN Stock Climbs Over 4% Ahead of Planned Amazon Stock Split

InvestorPlace2022-06-01

Amazon(NASDAQ:AMZN) is about to split its stock.This important event will be happening this week on June 3.AMZN stock is rising as the market catalyst draws near.Amazon(NASDAQ:AMZN) is about to kick ...

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Comments

ElaineL
2022-06-01
ElaineL
[Like]
Ragz
2022-06-01
Ragz
Better buy in now
Ken1911
2022-06-01
Ken1911
read
Jerryoic
2022-06-01
Jerryoic
Like
MIe
2022-06-01
MIe
Amazon split upside
Ahdesfrmsg
2022-06-01
Ahdesfrmsg
Ok

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Its shareholders have already voted in favor of the split.As InvestorPlace writer Shrey Dua reported:“Amazon is the latest major tech company going forward with a stock split. Companies like Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), and Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) have conducted numerous stock splits over the years to ensure accessibility. Earlier this year Alphabet announced its own 20-for-1 stock split set for July.”Anyone curious why a company like Amazon is planning to split its stock should consider the stocks that Dua noted. All three companies have enjoyed considerable success after splitting their stocks to make shares more accessible to small-scale investors. Another noteworthy example isTesla(NASDAQ:TSLA), which saw shares more than double since its 5-for-1 stock split in August 2020. Now the company is planning another stock split, with its shareholder voting date set for August 2022.What Comes Next for AMZN StockAll systems are go for the Amazon stock split, which will likely be this week’s biggest market event. Current investors will receive 20 shares of AMZN stock for everyone that they own.While this type of stock split has no impact on Amazon’s fundamentals, it will lead to a trading frenzy, thereby pushing shares up quickly. For aspiring investors, the upcoming split date marks the perfect opportunity to buy. 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