Alphabet’s Stock Split Has Taken Effect. Now What? – The Motley Fool

Alphabet’s stock price is now much smaller, which could make it more appealing to retail investors.

Earlier this year, Google parent company Alphabet (GOOGL -0.10%) (GOOG 0.01%) announced plans to conduct a 20-for-1 stock split. It officially took effect at the market close on Friday, and today is the first day of trading with its new, shrunken share price.

When a company creates a lot of value over the long term, its share price typically generates high returns. In Alphabet’s case, its stock had risen to $2,235.55, which made it a little expensive for investors who were only investing small amounts of money.

What Alphabet’s stock split is, and what it isn’t

When a stock split occurs, the number of shares in circulation for a given company gets adjusted, which in turn changes its stock price. In Alphabet’s case, its 20-for-1 split means each existing investor will now have 20 shares for each one they previously owned, which has shrunk the price of each share down from $2,235.55 to…

Read Full Story: https://www.fool.com/investing/2022/07/18/alphabets-stock-split-has-taken-effect-now-what/

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