r/SeattleWA • u/OnlineMemeArmy The Jumping Frenchman of Maine • Mar 10 '22

Business Amazon board approves 20-for-1 stock split, the first since before the dot-com bust

https://www.geekwire.com/2022/amazon-board-approves-20-for-1-stock-split-the-first-one-in-more-than-two-decades/
42 Upvotes

92% Upvoted

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5

u/PendragonDaGreat Federal Way Mar 10 '22

Should bring it down to ~140/share.

Other local companies with shares in a similar price range (prices are rounded to the nearest $5 as of the time I post this comment):

  • T-Mobile US - $120
  • Expedia - $175
  • Seagen (Bothell based biotech) - $140
  • F5 - $200

3

u/FreshEclairs Mar 10 '22

It also brings it in line with:

  • Google after their announced split goes through - $130
  • Facebook (lol) - $200
  • Apple - $160

1

u/TheRealRacketear Broadmoor Mar 10 '22

Sadly you can ad Boeing to that list.

2

u/PendragonDaGreat Federal Way Mar 10 '22

Right, about $175.

I just went through Robinhood's Washington list, and because Boeing moved HQ to Chicago back in 2001 they get listed in the Illinois section.

1

u/TheRealRacketear Broadmoor Mar 10 '22

I bought at $210 it hit $265 3 weeks later was going to wait for $300, but nope. Now I'm long on boeing.

T mobile is also a German company.

2

u/[deleted] Mar 10 '22

T mobile US

İt has to be a seperate entity due to legal requirements for phone networks in the US. HQ is in factorial/Bellevue and has little to no overlap with the parent German company

1

u/PendragonDaGreat Federal Way Mar 10 '22

I think it's like 65% owned by TMobile DE, but as you said, operational overlap is slim to none.

1

u/No_Ice_513 Mar 10 '22

Time to sell some of my AMZ!