Will Amazon Split Its Stock?
Could e-commerce and cloud-computing giant Amazon (NASDAQ: AMZN) announce a stock split in the near future? It's quite possible. After all, shares are trading at a lofty $3,000 each.
Assuming shares are trading at this level at the time of a 6-for-1 split, it would put shares at a nice, even $500. Even better for shareholders unwilling to shell out $500 for a single stock, a 15-for-1 split could get shares down to about $200.
Stock splits have been all the rage lately in the financial media. Both Apple and Tesla recently split their stocks, making them more accessible to a wider base of investors. Apple split its stock on a 4-for-1 basis last month and Tesla split its stock on a 5-for-1 basis on the same day.
Source Fool.com
