The shares of the e-commerce giant are now visually much cheaper – and therefore easier to trade for private investors.
(Photo: dpa)
Dusseldorf For many investors, looking at the stock portfolio at the start of the week was a shock: at Amazon, the numbers were red, and losses of around 95 percent were displayed. But the all-clear came promptly: the online retailer simply carried out a share split over the Pentecost weekend.
For every old share worth $2,447, investors received 20 new shares worth $122.35 each – even if the conversion did not go smoothly for all brokers, as discussions on social media showed.
Stock split: The price of Amazon shares rose by two percent
In fact, the stock initially benefited from the split. On Monday, the price rose by two percent, doing significantly better than the tech index Nasdaq 100, which rose 0.4 percent. At 135 million shares, the trading volume adjusted for the stock split was well above the annual average of 84 million.
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