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Benzinga
Benzinga
Business
Wayne Duggan

Why These Amazon Analysts Are Bullish Following 20-for-1 Stock Split Announcement

Amazon.com, Inc. (NASDAQ:AMZN) shares traded higher by 5% on Thursday after the company announced a 20-for-1 stock split and a new share buyback program.

What Happened? On Wednesday, Amazon said its board of directors has approved its first stock split since 1999 and authorized a $10-billion share buyback program.

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