AMZN Announces Historic Stock Split: 20-to-1 Ratio Takes Effect Today

Unveiling a First Since 1999

In a move that sent ripples through the financial world, Amazon (AMZN) announced its first stock split since 1999. The highly anticipated 20-1 stock split went into effect on Monday, June 6, bringing a new era for the e-commerce giant.

The 20-for-One Split

Under the terms of the split, for each share of AMZN stock that investors currently own, they will receive 20 shares. This significantly increases the number of shares outstanding while proportionately reducing the per-share price.

At the time of the announcement on Wednesday, March 9, shares of AMZN were trading at $2785. Following the split, the per-share price dropped to approximately $139.25.

A Decade-Long Await

The stock split marks a significant milestone for Amazon, coming more than two decades after its previous split. The last time the company underwent a stock split was in 1999, when it performed a 3-for-1 split.

The announcement of the stock split sent AMZN shares soaring in premarket trading, with investors eager to capitalize on the potential benefits.