Google-parent Alphabet will issue a 20-for-1 stock split, decreasing the stock price by 20. This is a significant price change – Google shares will go from approximately $2 200 to $110 per piece, which will make them more affordable.
A stock split is an action through which a company issues extra stock to the shareholders at a chosen ratio. This is a good sign, showing that the stock has grown enough to justify a split. Splits don’t affect clients’ profits. But they have an effect on the stock value, charts, pending orders, number of stocks in open positions, and opening prices.
After the upcoming split, existing shareholders will receive 19 extra shares. Those who could not afford to buy Google shares will get an opportunity to purchase them at a much lower price.
The split is just around the corner – don’t miss the chance to trade Google shares with FBS!