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- Amazon on Wednesday said its board of directors has approved a 20-for-1 stock split. It’s the first split since 1999 and the fourth since Amazon’s IPO in 1997. The company also said its board has authorized Amazon to buy back up to $10 billion worth of shares.
www.cnbc.com › 2022/03/09 › amazon-announces-20-for-1-stock-split-10-billion-buyback
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Mar 9, 2022 · Tech. Amazon announces 20-for-1 stock split, $10 billion buyback. Published Wed, Mar 9 20224:42 PM EST Updated Fri, Aug 19 20229:14 PM EDT. Annie Palmer @in/annierpalmer/ Key Points. Amazon on...
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Amazon said that the lower trading price would help its corporate employees who own stock in the company. "This split will give our employees more flexibility in how they manage their equity in Amazon and make the share price more accessible for people looking to invest in the company,"an Amazon spokesperson said in a statement.
The decade-long bull market in tech stocks has seen many of the sector's most prominent names approve splits to lower their stock prices. Last year, iPhone maker Apple Inc. (AAPL) announced a four-for-one split, while electric vehicle (EV) pioneer Tesla, Inc. (TSLA) accelerated interest in its stock with a five-for-one split. More recently, Google'...
Amazon's plans to buy back $10 billion of its shares marks its biggest share repurchase plan since listing on the Nasdaqin 1997. The buyback replaces a $5 billion plan established in 2016 in which the company has purchased less than half its targeted amount. Although the e-commerce giant's buyback was set up six years ago, it didn't start repurchas...
Jun 6, 2022 · Amazon Announces 20-1 Stock Split. Amazon approved a 20-1 stock split and a $10 billion stock buyback on March 9. The board said the split would “give our employees more...
- Benjamin Curry
Mar 9, 2022 · (Reuters) - Amazon.com Inc said on Wednesday its board approved a 20-for-1 split of the e-commerce giant's common stock and authorized a $10 billion buyback plan, sending the company's shares...
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- Reuters
May 28, 2022 · Amazon shareholders approved a 20-for-1 stock split at the company's annual meeting on May 25. The stock split is slated to take place on June 3. After the stock split, investors...
Mar 10, 2022 · Amazon Board Approves 20-for-1 Stock Split, $10 Billion Share Repurchase. The tech giant says the split will make the share price more accessible for potential investors, allow employees more...
Mar 9, 2022 · 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. The...
