Amazon Stock Splits This Week: Should You Buy Now?
After exploding in the headlines back in March, Amazon's (NASDAQ: AMZN) stock split is set for this Friday, and its share price has been climbing higher this week in anticipation. After hitting a 52-week low last week, investors are seizing the opportunity and pushing the stock higher. This is your last chance to purchase shares before they split -- but should you?
The main reason to buy shares before the split is the likelihood that the share price will rise before and after the split. It's already rising, up 13% over the past five days. That might be in part due to excitement as we get closer to the split date, but there's been so much market volatility over the past few months that upticks and downswings may be more connected to general market conditions. Even at its current price of a cool $2,450, Amazon stock is down 27% year-to-date, so investors shouldn't be too surprised to see the stock swing back up.
Image source: Amazon.
Source Fool.com
