30 Second Updates – Amazon.com, Inc. (NASDAQ: AMZN)

10/06 (Fri) Closing Price: $109.65

• The first stock split by Amazon since 1999 went into effect on June 6, and the stock price soared to triple digits.
• The e-commerce giant announced earlier this year that its board of directors had approved a 1-for-20 split of common stock, which became effective on June 6, 2022.
• Each shareholder will have twenty shares after the split for every share held before.
• Typically, a stock split does not alter a company’s market capitalization or affect the value of a shareholder’s investment. Nonetheless, it can make the company’s stock more appealing to retail investors.