3rdPartyFeeds

Amazon Is Splitting Its Stock. Why It Wants a Lower Share Price.

Amazon com shares are moving sharply higher in after-hours trading after the e-commerce and cloud-computing giant declared a 20-for-1 stock split and announced an expanded stock-repurchase program. While stock splits don’t mathematically create any value for holders—they’re the financial equivalent of cutting a pie into smaller pieces—retail investors tend to like them, and split announcements often trigger short-term rallies. Amazon also announced a $10 billion stock-repurchase plan, replacing a previous $5 billion stock-purchase authorization in which it had bought back $2.12 billion of its shares. Read More...

Motley Fool

Why Moderna Stock Was a Big Winner on Wednesday

In the wake of that announcement, the biotech company’s stock price shot more than 10% higher for the session. This happy investor is Josh Brown, a high-profile financial writer, blogger, and CNBC commentator, who revealed that he’d bought Moderna stock at what he termed a “ludicrous” price of $125 per share. In an interview that aired on CNBC, Brown asserted that Moderna has far more value than its recent share prices would indicate.

Read More

Add Comment

Click here to post a comment