For the first time in about five years, Amazon.com Inc.’s stock AMZN, .<\/p>\n","protected":false},"excerpt":{"rendered":" For the first time in about five years, Amazon.com Inc.’s stock AMZN, -2.52% is trading in three-digit territory, because the ecommerce and cloud giant’s 20-for-1 stock split has taken effect. The stock closed Friday at a pre-split adjusted $ 2,447, and was trading up 0.7% in premarket trading Monday, to put it on track to …<\/p>\n
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\n is trading in three-digit territory, because the ecommerce and cloud giant’s 20-for-1 stock split has taken effect. The stock closed Friday at a pre-split adjusted $ 2,447, and was trading up 0.7% in premarket trading Monday, to put it on track to open just above $ 123. The last time the stock traded below the four-digit level pre-split was October 2017. The stock split is Amazon’s first in 23 years, takes effect after the stock fell 2.5% to a split-adjusted $ 122.35 on Friday to snap a six- day win streak in which the stock had run up 20.6%. The stock has dropped 26.6% year to date through Friday, while the S&P 500 SPX,
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\n has lost 13.8%.<\/p>\n<\/div>\n