The stock trades at over $2,300 presently. The company carried out its first and only stock split in 2014. Alphabet (GOOG) is up by about 18% year-to-date and by about 80% over the last 12 months, as the company’s core advertising business held up despite Covid-19, while its cloud business continued to gain traction. There is speculation that a split could be announced this year, potentially as early as Thursday when the company reports Q1 results. Amazon stock saw its last split about two decades ago and currently trades at around $3,150 per share.
Below is a bit more about some of the companies and why they’ve been outperforming.Īmazon (AMZN) stock has gained about 5% year-to-date and about 44% over the last 12 months, as revenue growth accelerated over the last year led by the e-commerce and Amazon Web Services businesses which saw demand surge through Covid-19. In our indicative theme of Stocks Poised For A Split , we’ve identified a group of over ten companies from the S&P 500 with a strong track record of revenue growth, with their stocks also trading at high dollar prices per share, potentially making them candidates for a stock split. Now, it’s looking very likely that we will see more high-profile stock splits this year, considering that the S&P 500 is up almost 90% from the lows of March 2020, with many large-cap names trading around their all-time highs. While a part of the rally was driven by a strong set of Q1 earnings and some positive developments related to the company’s proposed acquisition of chip designer ARM, the stock split is likely the biggest driver of the company’s rally. We saw similar trends for Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) post their stock split announcements last year. Nvidia (NASDAQ:NVDA) stock rallied by a whopping 35% since May 21st when the company announced its first stock split in nearly two decades. (Photo via Smith Collection/Gado/Getty Images) Getty Images Silicon Valley headquarters, Santa Clara, California, August 17, 2017.
Closeup of signage with logo for computer graphics hardware manufacturer Nvidia at the company's.
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