(Bloomberg) — Recent proposals from Alphabet Inc., Amazon.com Inc. and Tesla Inc. tell us one thing: Stock splits can spark big rallies as retail traders pile in. Tesla surged 8% Monday, adding about $84 billion to the company’s market value, after saying it’s planning a second stock split in less than two years. Amazon jumped […]
Read More(Bloomberg) — Tesla Inc. gained in early trading after the carmaker said it plans to seek shareholder approval for a move that would enable its second stock split in roughly two years. The company said in an oddly worded tweet early Monday that it will ask shareholders at this year’s annual meeting to authorize additional […]
Read More(Bloomberg) — Amazon.com Inc. is planning to split its stock for the first time in more than two decades in a move that would spell the end of four-digit stock prices for the biggest U.S. technology companies. The e-commerce giant plans to boost its outstanding shares by a 20-to-1 ratio, under a plan disclosed late […]
Read More(Bloomberg) — Alphabet Inc. announced a 20-for-1 stock split in the form of a one-time special stock dividend, aiming to draw a wider audience for its shares. “The reason for the split is it makes our shares more accessible,” Ruth Porat, Alphabet’s chief financial officer, said in a conference call with television anchors. “We thought […]
Read More