WIKIFX REPORT: Amazon (AMZN.NAS) Stock Split

On 06th June, 2022 marked the first trading day following Amazon‘s (AMZN) 20-for-1 stock split that the company announced on March 9. Amazon shares were revalued to $120 per share, after trading well above $2000 per share prior to the stock split. Shares closed 2% higher at $124.80 in Monday trading, after hitting an intraday high of $128.70 early in the session. Shares had risen almost 8% in the five days leading up to the split, despite the fact that the stock split doesn’t create any extra value for shareholders.

Amazon's (AMZN.NAS) common stock will trade at a split-adjusted price after the market opens on June 6.

Which means, Amazon's share count will be multiplied by 20, and the price of each stock will be divided by 20. As for the customer transactions, for example, if you bought 1 share for $2,500, it would now be 20 shares after the split, and the price per share would be $125.

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