Topic: How To Invest

Power Growth Investor Hotline – Friday, March 11, 2022

Article Excerpt

AMAZON.COM INC., $2,910.49, symbol AMZN on Nasdaq, is a buy. The company is one of the world’s largest online retailers. It’s also the third-largest digital ad provider in the U.S. Its Amazon Web Services (AWS) is one of the world’s largest cloud infrastructure service providers. Amazon shares jumped this week after the company announced that it’s splitting its shares on a 20-for-1 basis, as well as buying back up to $10 billion of its stock. The stock split is subject to shareholder approval at its annual shareholder meeting, which is scheduled for May 25. Amazon shareholders of record as of May 27 will get 19 additional shares for every one share held. Trading is expected to begin on a split-adjusted basis on June 6. Amazon is spitting its shares to make the stock more accessible for potential investors. It will also give employees more flexibility in how they manage stock-based compensation—Amazon offers stock units as part of its standard pay package for corporate…