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There is speculation that a split could be announced this year, potentially as early as Thursday when the company reports Q1 results. Amazon stock saw its last split about two decades ago and currently trades at around $3,150 per share. Below is a bit more about these companies and how they’ve been faring recently.Īmazon (AMZN) stock has gained about 5% year-to-date and about 44% over the last 12 months, as revenue growth accelerated over the last year led by the e-commerce and Amazon Web Services businesses which saw demand surge through Covid-19. Stocks in our theme include Amazon (AMZN), Alphabet (GOOG), and Netflix (NFLX).
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Now, although splits don’t change the fundamental picture for a company, they typically cause a run-up in the stock price post-announcement as investors see them as a signal that management is confident that growth will remain strong going forward. In our indicative theme of Stocks Poised For A Split, we’ve identified a group of over ten companies from the S&P 500 that are growing revenue quickly and consistently, with their stocks trading at high prices, potentially making them candidates for a stock split. The S&P 500 is up a solid 45% over the last year and many large-cap stocks are now trading near all-time highs. The company carried out its last stock split in 2005, and its stock now trades at a little over $500 per share.
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