Not long ago, Amazon announced and completed a stock split. The split turned each stake in the company into 20 with 1/20th the value of the original. Since then, more companies have announced similar splits.
🔋 Tesla said it would seek shareholder approval for a 3-to-1 split. This will be the 2nd split in 2 years for the EV company. The announcement bumped share value by 3%, but they are still down 34% for the year.
🔠 Alphabet, the parent company to Google and autonomous vehicle company Waymo, has a 20-to-1 split taking effect after the close of business on July 15th. The split may pave the way for the top 5 tech giant to trade on the Dow Jones.
Several other technology, commerce, automotive, and medical research companies are moving toward splits. Of course, the benefit of these splits works both ways, lower barrier commitments for investors and more interested parties in the company's growth and success.