(AMZN) Amazon Stock Split Comes At A Bad Time

(AMZN) Amazon Stock Split Comes At A Bad Time

Summary:

  • On Monday Amazon's 2-for-1 stock split is among the companies whose stocks have fallen.

Amazon's stock split tanks prices

Stock splits were popular at the start of 2022 amidst indices hitting almost record highs, Amazon announced a stock split in an attempt to make the share price more attractive to individual investors. However, the market has, on its own, fixed the issue of high prices.

On Monday Amazon's 2-for-1 stock split is among the companies whose stocks have fallen since the stock split moves were announced amidst a broad market sell off that has been especially hard on the technology sector. AMZN Shares fell by almost 3% in New York after the split, and the price is still around 10% lower since reporting the plan in March.

(AMZN) Amazon Stock Split Comes At A Bad Time - 1 AMZN Share Price

Sources: finance.yahoo.com

Rebecca Duthie

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.