Amazon’s new price point will make individual shares more affordable, and founder and executive chairman Jeff Bezos often included mentions of individual retail investors reaping small fortunes from their Amazon stock in his letters to investors. They have risen more than tenfold over the past decade, making Amazon one of the world’s most valuable companies, with a market capitalization north of $1.4 trillion.Ī stock split reduces the share price and boosts liquidity, but it does not change the value of the company. Shares in the company have been comfortably above $3,000 throughout 2021 before slumping this year along with those of many other tech firms. The stock finished the regular trading day at $2,785.58, up almost 3% in a stellar session across the board for Wall Street. The price of Tesla shares after the stock split will get divided by three. So if the split took place at Friday's closing price of $865 a share, the split-adjusted price would go down to $288.Amazon stock rose 7% in after-hours trading after the tech company announced a 20-for-1 stock split and a $10 billion share buyback authorization. Typically, companies do 2-for-1 or 3-for-1, though Amazon recently executed a 20-for-1 split. Investors who owned Tesla stock on August 17 will receive an additional two shares after markets close on August 24.Ī stock split means a single share gets split into multiple shares. Tesla's stock split will take effect on August 25. When does Tesla's stock split take effect? Here is what the stock split will mean for Tesla shareholders and why it could end up being a lucrative action.

This follows the recent stock splits from a string of tech companies including Google, Shopify, and Amazon. It's the second stock split for the company in less than two years.

Tesla said the stock split can 'help reset' share prices so that employees 'have more flexibility in managing their equity' and to be 'more accessible to our retail shareholders.' The Friday announcement came just one day after Tesla's shareholder meeting at its new headquarters in Austin, Texas. Tesla's three-for-one stock split is official.

Amazon stock split