Amazon Announces 20:1 Stock Split

First Split Since 1999

Positive Market Reaction

Amazon's board of directors has approved a 20-for-1 stock split, the company's first since 1999. The split will go into effect today, June 6, 2024. This is the fourth stock split since Amazon's IPO in 1997.

The market has reacted very positively to the announcement. As of 4:00 pm EST on April 26, 2024, AMZN shares were trading at $2,696.98, up 12.88% on the day.

In this report, we'll take a closer look at Amazon's stock split and why it's a positive sign for investors.