Why Amazon Shares Are Rising

Amazon.com, Inc. AMZN shares are trading higher by 4.7% at $2,917.75 after the company reported a 20-for-1 stock split and a $10 billion share buyback.

Amazon says, subject to shareholder approval of the stock split, each company shareholder of record at the close of business on May 27, 2022 will have 19 additional shares for every one share held as of such date reflected in their accounts on or about June 3, 2022. Amazon says trading is expected to begin on a split-adjusted basis on June 6, 2022.

Amazon also announced a share buyback of up to $10 billion… Read More

See Also: $223M In Crypto Liquidated As Bitcoin Falls To $39,000

Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators.

Amazon has a 52-week high of $3,773.08 and a 52-week low of $2,671.45.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!