Amazon Announces 20-for-1 Stock Split and $20 Billion Buyback Plan
Amazon shares are moving very higher in-after hours trading after it's announcement.
The e-Commerce and cloud computing giant declared a 20-for-1 stock split and announced a expanded stock repurchase programm.
Amazon shares are up nearly 7% in news after it's announcement
Amazon also announced a $10 Billion stock repurchase plan.
Amazon's latest stock repurchase announcement replacing it's previous $5 Billion buyback plan.
Amazon has bought back $2.12 Billion of It's shares in the previous plan.
This stock buy back plan does not have any fixed expiration date.
Last month Alphabet (GOOGL) also split it's shares 20-for-1 and Apple (AAPL) also splited it's shares 4-for-1 in year 2020.