![]() ![]() (GOOG)L) issued a new C class of shares with no voting rights. Instead of simply cutting its price, Alphabet The company announced a controversial stock split in 2012. (GOOG)L) also has a high share price, trading at more than $1,500. ![]() ![]() The e-commerce and cloud giant hasn’t split its stock price in 1999. (AMZN), for example, now trades for nearly $3,300 a share. These mostly millennial and Gen Z traders may not be able to afford many shares of a company with a high stock price. But there’s nothing logical about this market.”īetancourt added that companies may want to lower their price to entice younger investors using apps like Robinhood. “Logically, a stock split does nothing to change a company’s value. “If more super expensive companies follow with splits, the stocks could rocket even higher,” said Daniel Betancourt, a moderator and writer with investing site OptionsSwing. That has investing experts wondering whether similarly high priced stocks - such as Amazon or Netflix - may soon split as well. Both Apple and Tesla stocks have surged since announcing the splits. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |