Monday, September 26, 2022

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Google is outdoing Apple and Tesla with a 20-for-1 stock split


Based on current prices, the split will lower the cost of a Google shares
to under $150 per share, down from $2,700.

Alphabet, the parent company of Google, announced a 20-for-1 stock split
along with its quarterly earnings report (pdf) on Feb. 1. It’s only the
second split for the stock since it went public in 2004; a 2-for-1 split
in 2014 created the company’s Class C shares in the process. But the new
split is especially conspicuous because of the eye-popping split ratio.

Issuing investors 19 additional shares for every share held would, based
on today’s closing price, lower Alphabet’s stock price from $2,700 per
share to less than $150. The shares rose more than 9% on the news in
after-hours trading, when they topped a price of $3,000. …


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