Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » U.S. Claps » Tech 📲 » Amazon to split stock & buyback shares📢

Amazon to split stock & buyback shares📢

by Shams Abbas
March 10, 2022

The Clap
Amazon (NASDAQ: AMZN) announced it would split its stock 20-to-1, as well as a share buyback program up to $10 billion.

Do the splits
AMZN goes for $2,785/share as of yesterday’s market close. The 20-to-1 stock split would see its stock price drop to around $140, making it more accessible for retail investors. The move is pending shareholder approval & wouldn’t take effect until June of 2022.

Stock splits haven’t really been a thing in recent years, but more recent stock splits by Apple (NASDAQ: AAPL) & Alphabet (NASDAQ: GOOGL) revived the practice in order to make their shares more attractive to retail investors.

Amazon said the split would serve two things: allowing employees “more flexibility in how they manage their equity”, & making the stock more accessible to retail investors.

$10 billion share-buyback
The buyback, according to an analyst at DA Davidson investment bank, shows investors that the company has a lot of cash lying around with no major investment plans for it.

AMZN shares soared as much as 11% in extended trading upon both news.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Claps
Tech 📲

Zoom announces layoffs 🎥

by Omar El Shorafa
February 8, 2023
Claps, Tech
Tech 📲

Pinterest struggled in Q4 📌

by Omar El Shorafa
February 7, 2023
Claps, Tech
Tech 📲

Google builds new ChatGPT competitor 🧠

by Omar El Shorafa
February 7, 2023
Claps, Technology
Tech 📲

Activision to pay $35 million settlement 🎮

by Omar El Shorafa
February 6, 2023
Claps, Tech
Tech 📲

Amazon cutting costs on the back of Q4 🛒

by Omar El Shorafa
February 6, 2023
Claps, Tech, Apple
Tech 📲

Apple failed to live up to the hype in Q4 📱 

by Omar El Shorafa
February 3, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)