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Amazon Approved a 20-for-1 Stock Split. Does That Mean It's a Good Time to Buy?

By: Mallika Mitra
Mallika Mitra, expert in Investing, Personal Finance, and Investing Editor at Money
Mallika Mitra
Investing Editor | Joined May 2020
Mallika Mitra is a reporter at Money covering money trends, investing and cryptocurrency. Her work has also appeared in Bloomberg News, CNBC and elsewhere.
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Published: Mar 10, 2022 5 min read

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Smart Phone With Stock Market Graphics On Screen In Front Of Amazon Logo
Money; Shutterstock

A single share of Amazon stock will soon be a lot cheaper.

On Wednesday, the company said that its board had approved a 20-for-1 stock split. The move means if you already own Amazon stock, you'll receive 20 shares for each single share you own, and if you don't own Amazon stock, you'll be able to buy it at a much lower price.

If the split gets the approval of shareholders, trading based on the new structure will start June 6. Amazon's stock price popped around 5% in trading Thursday morning.

Amazon's stock cost $2,785.58 per share at Wednesday's close. A 20-for-1 stock split at that price would mean each share of Amazon costs $139.28.