Please be informed that Amazon (AMZN.NAS) has scheduled a 20-for-1 stock split for the 6th of June 2022.
This means that the common stock of AMZN.NAS will be trading at the split-adjusted price from market open time on the 6th of June onwards.
In essence, the number of shares will be multiplied by 20; whereas the price per stock will be divided by 20.
For example; In regards to client trades, if a client has bought 1 share at the price of 2,500 USD, they will now have 20 shares priced at 125 USD each after the split.
For more information on this, visit the following link to Amazon’s Proxy Statement, starting on page 24 .
Please do not hesitate to reach out to our customer support team with any questions or concerns you may have.
IC Markets Team