For Amazon, the split may also be a way to recharge stock performance. The company's shares on Tuesday marked their lowest closing level since June 2020 and are still down 20% since mid-November amid a broad swoon for growth stocks. Amazon shares were up nearly 6% on Thursday after the company also announced a $10 billion buyback plan.
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Thursday, March 10, 2022
Amazon latest megacap to join stock split squad
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