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Benzinga
Benzinga
Business
Adam Eckert

Amazon Stock Continues To Surge: What's Going On?

Amazon Nasdaq

Amazon.com Inc (NASDAQ:AMZN) shares are up more than 12% over the last week and are continuing to trend higher Wednesday morning. 

The surge in Amazon shares comes as the company prepares to split its stock. Amazon announced a 20-for-1 stock split in March. Shareholders of record on May 27 will receive 19 additional shares for every one share held on June 3. Trading is expected to begin on a split-adjusted basis on June 6.

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