Thursday, February 3, 2022

alphabet stock split

In this article Google. Get the latest Alphabet C stock price and detailed information including GOOG news historical charts and realtime prices.

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Before its earnings report sent shares up.

. Alphabet beat on the top and bottom lines for the fourth quarter. In its quarterly earnings report Alphabet the owner of Google has announced a 20-for-1 stock split designed to make buying shares more affordable. Alphabets stock surged nearly 9.

Alphabet rose 85 after reporting record quarterly sales after the bell on Tuesday and said it plans to undertake a 20-to-one stock split. Alphabets 20-for-1 split would reduce the price of Class A shares to roughly 138 based on Tuesdays closing price of 2 75288. The Dows archaic weighting system is based on share price rather than market capitalization and in Alphabets presplit form it was just too big to add to the gauge without it overwhelming.

The stock split should make it. Is bringing big stock splits back to the market so prospective buyers wont need upwards of 3000 to own a share. The stock jumped in extended trading after the report.

The company also announced a 20-for-1 stock split. Alphabet announced a 20-for-1 stock split in its Q4 2021 earnings report on Tuesday for all 3 classes of its stock. If approved the proposed 20-for-one split will reduce the price for each share this July while keeping Alphabets market value intact.

Alphabets stock price will drop to around 148 based on the current stock price when the split becomes effective in July.

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