loading...

18 August 2020 20:40

Amazon and Chipotle both have quadruple digit stock prices while Netflix is trading near $500 a share.

New York (CNN Business) Apple and Tesla are splitting their stocks to push the per-share price lower. Could Amazon, Chipotle or Netflix be next? Amazon and Chipotle both have quadruple digit stock prices while Netflix is trading near $500 a share. The Apple and Tesla splits will soon make those stocks more affordable for average investors to purchase. Apple AAPL Tesla TSLA By completing a 4-for-1 split at the end of this month,, which currently costs about $460 a share, will trade around $115., now hovering around $1,875, will see its stock price fall to about $375 following its 5 for 1 split A stock split simply increases the number of shares outstanding, so neither company will actually lose value.

Why it's time for Amazon and other quadruple-digit stocks to split

An investor who held one Tesla share will soon own five, but the total value of their holdings stays the same. Think of it like a pie. If you cut eight equally sized slices into sixteen and eat two, that's the same has having one bigger pre-cut piece. Read More