Amazon & Google: 20-for-1 Splits

Amazon's Stock-Split vs. Google's Stock-Split: 37 Days Apart, Different World & Market = Same Results?

Amazon ($AMZN) shares are +7% in afterhours trading following the announcement of a 20-for-1 stock split.

-When Alphabet Inc., better known as Google ($GOOGL) announced their own 20-for-1 stock split on February 1, its shares also spiked immediately, cresting +10.50% higher in the next morning's pre-market trading session, February 2nd.

-Since that February 2 pre-mkt session, Google shares have given up those gains and more, now trading lower by -12.5%.

-Google's stock price decline can be blamed on the general market decline (the Nasdaq market was actually in a 2-day bear market (-20% from highs) until today's massive rally) due to non-transitory inflation and the Russian invasion of Ukraine as opposed to the actions of Google, the company and its economics.