{"id":32410,"date":"2022-06-01T18:25:00","date_gmt":"2022-06-01T18:25:00","guid":{"rendered":"https:\/\/harchi90.com\/amazon-stock-extends-gains-into-20-for-1-split-slated-for-friday\/"},"modified":"2022-06-01T18:25:00","modified_gmt":"2022-06-01T18:25:00","slug":"amazon-stock-extends-gains-into-20-for-1-split-slated-for-friday","status":"publish","type":"post","link":"https:\/\/harchi90.com\/amazon-stock-extends-gains-into-20-for-1-split-slated-for-friday\/","title":{"rendered":"Amazon Stock Extends Gains Into 20-For-1 Split Slated For Friday"},"content":{"rendered":"<div><!-- tml-version=\"2\" --><\/p>\n<p>Amazon <span> (<strong>AMZN<\/strong>) &#8211; Get Amazon.com, Inc. Report<\/span> shares moved higher Wednesday, potentially extending their recent winning streak to a sixth consecutive session, ahead of an end-of-week stock split for the world&#8217;s biggest online retailer.<\/p>\n<p>Amazon said shareholders approved the 20-for-1 split, which was first made public in March, in a Securities and Exchange Commission filing last Friday. <\/p>\n<p>Amazon said shareholders of record on May 24 will receive 19 extra shares of the group for each one held.  Trading is expected to begin on a split-adjusted basis on June 6.<\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-0\"\/>\n<p>    The split follows a similar move by Google parent Alphabet <span> (<strong>GOOGL<\/strong>) &#8211; Get Alphabet Inc. Class A Report<\/span> earlier this year, likely to take place in July, that would leave investors with one Google stock and a dividend payment of 19 more shares, all priced at around $ 160 each.<\/p>\n<p>    Apple <span> (<strong>AAPL<\/strong>) &#8211; Get Apple Inc. Report<\/span> and Tesla <span> (<strong>TSLA<\/strong>) &#8211; Get Tesla Inc Report<\/span> have also executed splits over the past two years, and today&#8217;s move makes Amazon stock a more attractive and attainable proposition for retail investors who, powered by a wave of mobile trading apps and zero-commission brokers, suddenly find their collective power capturing the attention of the biggest companies in the world.<\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-c not-size-d\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-1\"\/>\n<p>Amazon shares were marked 1.11% higher in early Wednesday trading to change hands at $ 2,431.49 each, a move that marks a 21.5% gain over the past week.  That would equate to a post-split price of around $ 121.60 each when trading begins on Monday.<\/p>\n<section class=\"m-in-content-recommendation m-detail--in-content-recommendation m-detail--body-reset mm-component-stack--is-body-item\" style=\"--title_size_a_font_size:18;\">\n<p><span>Scroll to Continue<\/span><\/p>\n<\/section>\n<p>Amazon&#8217;s possible inclusion in the Dow can&#8217;t be ignored, either, now that S&#038;P Dow Jones Officials can work with a share price of around $ 120 each.<\/p>\n<p>  The price-weighted Dow attempts to smooth-out the vagaries of splits and dividends in its 30 stock collection through the Dow divisor, a number that represents the affect of a stock price change on the overall average.<\/p>\n<p>At $ 2,400 a share, however, even a small price change in Amazon would be far too big a disruption for the average, which may explain why that it&#8217;s sitting on the outside looking in, despite its market-leading position in global e-commerce and its $ 1.24 trillion market cap.<\/p>\n<p>S&#038;P Dow Jones Indices classifies Amazon as a consumer discretionary stock, while Google is considered communications services, but both would have a strong case for Dow inclusion given their industry dominance and planet-like influence on broader financial markets. <\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c\" data-ad-group=\"in_content-1\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d\" data-ad-group=\"in_content-1\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-c not-size-d\" data-ad-group=\"in_content-1\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-2\"\/>\n<p>Early last month, Amazon shares suffered their biggest single-session decline in fifteen years after the group posted a surprise first quarter loss of $ 3.8 billion and the slowest pace of year-on-year revenue growth in more than a decade.<\/p>\n<p>    Amazon Web Services was the usual bright spot in the otherwise disappointing first quarter report, with revenues rising 36.6% from last year to $ 18.44 billion, with a near-term order backlog of around $ 90 billion.  The division earned just over $ 6.5 billion with a profit margin of around 35%.<\/p>\n<\/div>\n<p><script type=\"text\/template\" id=\"facebookPixel135067773744716\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function()\n{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}\n;if(!f._fbq)f._fbq=n;\nn.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\ndocument,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n(function(){\n    fbq('init', '135067773744716');\n    fbq('track', 'PageView');\n    var contentId = 'ci02a2a3edb000245d';\n    if (contentId !== '') {\n        fbq('track', 'ViewContent', {content_ids: [contentId], content_type: 'product'});\n    }\n})();<\/script>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon (AMZN) &#8211; Get Amazon.com, Inc. Report shares moved higher Wednesday, potentially extending their recent winning streak to a sixth consecutive session, ahead of an end-of-week stock split for the world&#8217;s biggest online retailer. Amazon said shareholders approved the 20-for-1 split, which was first made public in March, in a Securities and Exchange Commission filing &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/amazon-stock-extends-gains-into-20-for-1-split-slated-for-friday\/\"> <span class=\"screen-reader-text\">Amazon Stock Extends Gains Into 20-For-1 Split Slated For Friday<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":32411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[9749,193,533,112,623,532],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.thestreet.com\/.image\/t_share\/MTg3OTY4NjM0NjI5NDAwMzYy\/amazon-stock-split.jpg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/www.thestreet.com\/.image\/t_share\/MTg3OTY4NjM0NjI5NDAwMzYy\/amazon-stock-split.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/32410"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=32410"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/32410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/32411"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=32410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=32410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=32410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}