Amazon has announced a 20-for-1 stock split and a share buyback of up to $10bn, in an effort to boost its stock price in the face of heavy operating costs and concerns over staff retention. Trading on the new split-adjusted basis will begin on June 6, according to a filing, if it is approved by shareholders at Amazon’s annual general meeting in May. Amazon’s value has risen more than 220 per cent over the past five years, pushing it to a market cap of more than $1.4tn. Read More...
Amazon has announced a 20-for-1 stock split and a share buyback of up to $10bn, in an effort to boost its stock price in the face of heavy operating costs and concerns over staff retention. Trading on the new split-adjusted basis will begin on June 6, according to a filing, if it is approved by shareholders at Amazon’s annual general meeting in May. Amazon’s value has risen more than 220 per cent over the past five years, pushing it to a market cap of more than $1.4tn.
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