Kass’ tweet sourced his “Gnome” and said Amazon wants to “make the co. more eligible to be in the DJIA.”
Nissar notes that the split would open Amazon for younger investors and that the move is the only way the company can get onto the DJIA.
Amazon once went through three splits in just over a year, Nissar points out, and only two S&P 500 companies split this year so far compared to the six last year.
Amazon shares are down 2.14%.
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