Don’t worry! Amazon.com Inc shares aren’t down 95 percent on Monday. The e-commerce giant has split its stock for the first time in more than 20 years.
What to Know
Amazon announced a 20-for-1 stock split in March. Shareholders of record on May 27 were eligible to receive 19 additional shares for every one share held on June 3. Amazon began trading on a split-adjusted basis today.Stock splits don’t actually change anything fundamental about the company enacting the split, yet a cheaper share price can make the stock more accessible to a larger number of investors.
