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StockNews.com
Business
Aditi Ganguly

After its Stock Split, is Now a Good Time to Buy Amazon.com?

Amazon.com Inc. Brian Olsavsky e-commerce FactSet Jaimini Desai EXPE RIVN

Amazon.com, Inc. (AMZN) in Seattle, Wash., is the largest e-commerce company in the world in terms of revenue. It is ranked #2 in the 2022 Fortune 500 list and is the fifth most valuable company in the world, with a $1.23 trillion market cap.

AMZN's 20-for-1 stock split took effect on June 6, 2022, after being announced in March. It is the company’s first stock split since 1999 and the fourth split since AMZN went public in 1997. The stock closed its last trading session at $121.18, much below its pre-split stock price of above $2000. Notably, AMZN has had a three-digit share price amount since 2017. While shares of AMZN gained marginally intraday on June 6, they have since declined 1% in price to close yesterday's trading session at $121.18.

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