Posted on 06/06/2022 7:22:16 AM PDT by SeekAndFind
Amazon shares powered higher Monday ahead of the first day of trading following a 20-for-1 split of the online retailing giant's stock that will bring its nominal price closer in line with mega-cap tech peers such as Apple and Meta .
Amazon said shareholders of record on May 24 received 19 extra shares of the group for each one held after the split, which was first made public in March. The split -- the first for the company in three decades -- was formalized after the close of trading Friday and will begin changing hands on the adjusted basis later today.
Google parent Alphabet is also preparing to reduce its nominal share price into the mid-$100 range -- from a Friday close of $2,327.50 each -- when its own 20-for-1 split is completed on July 15. Tesla , which split its stock in August of 2020, will put its proposed 7-for-1 adjustment to a shareholder vote on August 4.
Amazon shares were marked 3% higher in early Monday trading to change hands at $126.06 each. On a split-adjusted basis, the stock's new all-time high is $188.65 each, while its March 2020 low is $81.30 each.
(Excerpt) Read more at msn.com ...
Buy some. Bezos needs all the help he can get.
I am on my wife’s older pc.
I have been typing in this forum for a few minutes. Very slow.
Then I noticed she had left an Amazon window open.
As soon as I closed it, the machine went back to normal speed.
It’s like Amazon is accessed from peoples phones or desktops and if the Amazon website can SLOW DOWN your machine it can make your comparison shopping HELL.
Won’t these companies stop at nothing in their quest for your money ??
I believe Amazon and other big tech companies have a business deal.
I went to the Amazon online bookstore once to browse for books that teach the basics of Cryptocurrencies. Spent about 15 minutes browsing and decided not to buy any yet. I added a few to my cart for possible future purchase.
Lo and behold, when I went to Facebook and Instagram he a few days later, I was suddenly bombarded with ads regarding cryptocurrencies!!
From Coinbase exchanges to online crypto and blockchain courses, Facebook seems to KNOW that I had expressed interest in the product simply through my browsing at Amazon!!
We are being tracked folks.
One tactic I use is the old “garbage in - garbage out” phenomenon. I have a small javascript program that performs randomized searches on google, runs in the background for a few hours every day. You can do the same thing on Amazon, Youtube, and any other major tech site.
Isn’t a split a sign the company is a little shy on cash flow?>
RE: Isn’t a split a sign the company is a little shy on cash flow?
It’s really hard to tell the ultimate motive.
A stock split is simply when the company takes each slice of the pie and cuts them into even smaller pieces.
So for instance, where the pie may have previously had 10 million slices, now it has 20 million. The important thing is that THE PIE IS STILL THE SAME SIZE! It just has more pieces.
By the numbers, it has no effect on your economic stake in the company.
But there are other reasons why a split is beneficial.
1. It Expands the shareholder base. Many small or beginning investors start by investing in small amounts. If they have only $1,000 to invest, their entire investment would not even buy one share of Amazon before today.
So, by keeping share prices at reasonable levels, companies encourage investment by even the smallest market entrants.
2. It Makes portfolio management easier. It is a pretty common activity in portfolio management to rebalance positions or to sell a portion of one investment to fund a new one. High per-share prices make this more difficult, as you are dealing with larger chunks of your portfolio with each share.
3. They typically outperform the market over the next several years. In a study performed by David Ikenberry of Rice University, he found that stock splits substantially outperformed the market over both 1 and 3 year periods from the date of the split. What better beneficial reason could an investor want?
I believe Bezos is doing this in hopes of becoming the richest again. More people buy the stock. The price goes up. He can buy another yacht.
However Elon Musk and Tesla will have a stock split vote on August 2nd. I do not know what the split will be but buy when you start seeing the run up in stock price before the announcement. In August 2020 Tesla went from just over $1,300 a share to splitting at over $2,000 a share in just 3 weeks. Then by January 2021 it was around $1,000 before falling back.
My AMD stock that I have and Tesla announce earnings on the same day and the following week is when the stock split decision will be made.
Do I stay with AMD and know it will get to $200 eventually or buy Tesla and hope it repeats what happened in August 2020? My plan would be to sell Tesla after and fallback to AMD after the hopeful run-up in Tesla price.
Decisions decisions.
Thanks for info
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