In Monday’s Blitz Daily with Lance Ippolito, we take a look at online retailer Amazon following its 20-for-1 stock split.
The split, approved on May 25, brought its price from $2,440 a share at the end of last week down to just $125 by Monday morning’s opening bell.
Existing shareholders received 19 additional shares for every one they owned prior to the split.
The split also makes shares more affordable for retail investors, placing it in range of companies such as Disney and Netflix, which are currently trading around $108 and $198 a share, respectively, at the time of this writing.
And retail investors aren’t the only ones using this as an opportunity to jump in…
The bulls are placing large bets on the share price heading higher — in a hurry!
But Amazon isn’t the only name hitting the tape today…
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