- 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 Share Price