The split-adjusted price of Amazon stock began trading on Monday and completed the day 1.99 percent higher at $124.79. Amazon’s post-split share price of $122 reflected the pre-split price of $2447 because the stock split ratio was 20-1.
It took some time for numerous investors to process Amazon trading in three digits. As a result of the stock split, Amazon shares were trading about $124 per share.
Stock splits bring in a fresh group of investors. Because of their high value, equities like Amazon may stay out of reach for many investors. However, once the stock is divided, the price declines, encouraging investors to purchase more with the same amount of money. However, nothing much has changed fundamentally.