Amazon stock with the split-adjusted price has started trading. Amazon share price post the split is around $125. The company had announced a 20-for-1 split of the Company’s common stock which means for every 1 Amazon share held, the shareholders will now have 20 shares in their account.
In other words, every Amazon shareholder holding 1 share as on May 27 gets 19 additional shares credited to their account. The trading of Amazon stock with split-adjusted price begins 6 June, Monday. On Friday, Amazon stock price closed at $2,447.00 after dropping nearly 2.52 per cent over previous day’s closing price.
“As Amazon (AMZN) goes for its 20-for-1 stock split on June 6 after shareholders’ recent approval, its stock will trade with the new split-adjusted price from Monday. Investors who held the company’s shares on or before May 27 would be eligible for the stock split. New buyers will source the shares from sellers who owned the stocks before May 27. Hence, the eligibility would pass on with the shares,” says Kunal Sawhney, CEO of Kalkine Group.
