Stock Split Watch: Is Amazon Next?
It's odd to see a retailer that prides itself on low prices fetching a four-figure stock price, but here we are. Amazon.com's (NASDAQ: AMZN) success and its reluctance to split its shares is creating an interesting dilemma for the iconic growth stock.
There are only three U.S.-listed stocks with larger price points than Amazon, and none of them are posting the kind of double-digit top-line growth that the world's largest online retailer routinely delivers. With Jeff Bezos moving on in a few months wouldn't a stock split be the perfect farewell gift? You have to go back 22 years to find the last time Amazon split its shares. It's time for Amazon to party like it's 1999.
Image source: Getty Images.
Source Fool.com
