Should I Buy Amazon Stock After the Split? What 3 Pros Say

Should I Buy Amazon Stock After the Split? What 3 Pros Say

Should I Buy Amazon Stock After the Split? What 3 Pros Say | DeviceDaily.com

 

Experts are bullish on AMZN stock after the stock split.

  • Amazon (AMZN) stock just went through a 20-for-1 split.
  • This drastically reduced its price to make it easier for more traders to invest.
  • Experts are weighing in on whether this is a good thing for AMZN stock.

Amazon (NASDAQ:AMZN) underwent a major stock split recently. Now some traders are wondering “should I buy shares” after the split.

AMZN went through a 20-for-1 stock split in order to reduce the price of its shares. This allows the company to reach a wider range of traders. That includes those that couldn’t afford the stock at its much higher price.

To put the 20-for-1 stock split in perspective, shares of AMZN stock are trading for about $ 125 as of Monday afternoon. Prior to the split, the company’s stock was going for a massive $ 2,447 per share.

Should I Buy Amazon Stock After the Split?

Should investors buy AMZN after the recent split? Let’s see whether now’s the time to buy shares according to experts and pro commentators.

  • “Investing in tech titans can be a sensible strategy for the long run […] Don’t hesitate to grab a few Amazon shares today — it should be easier now that they’re cheaper.” — David Moadel, InvestorPlace contributor
  • “Following a significant capital-investment cycle to support a rapid expansion of e-commerce volumes during the COVID-19 pandemic and to support the rollout of one-day and same-day Prime shipping options, we believe that investment intensity is now downshifting to a more sustainable pace.” — Brian Fitzgerald, Wells Fargo analyst, per The Street
  • “Long-term, the stock is still a great investment […] Investors would be smart to buy shares on the dip and hold them in their portfolio for the long haul.” — Joel Baglole, InvestorPlace contributor

AMZN stock is up 3% as of Monday afternoon.

Published First on InvestorPlace: Read Here

Image Credit: Provided by Amazon; Thank you!

The post Should I Buy Amazon Stock After the Split? What 3 Pros Say appeared first on ReadWrite.

ReadWrite

InvestorPlace

InvestorPlace

InvestorPlace provides millions of investors with insightful articles, free stock picks and stock market news.

(7)