© Reuters. Amazon (AMZN) Gains Post 20-for-1 Stock Split
Amazon (NASDAQ:) shares are 0.8% higher in pre-open trading Monday as shares begin trading on a split-adjusted basis today.
The stock closed at $2,447 per share on Friday, or $122.35 adjusted for the split. Shares last traded at $123.30 Monday morning.
Amazon said the split would provide employees with more flexibility in how they manage their Amazon equity and make the stock more accessible to anyone who wants to invest in Amazon.
With the split, shares of record at the close of business on May 27, 2022, received 19 additional shares for every one share held as of such date reflected in their accounts on or about June 3, 2022.
This was the first Amazon stock split in 23 years.
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