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Alphabet Gains Ahead of Stock Split, Effective After the Close

Published 07/15/2022, 10:46 AM
Updated 07/15/2022, 10:48 AM
© Reuters. Alphabet (GOOGL) Gains Ahead of Stock Split, Effective After the Close
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By Investing.com Staff

Alphabet (NASDAQ:GOOGL) shares are up 1.7% ahead of tonight's 20-for-1 stock split.

Under the Alphabet plan, stockholders of record at the close of business on July 1, 2022, will receive, after the close of business today, 19 additional shares of the same class of stock for every share held by such stockholder as of the Record Date. Shares are expected to start trading on a split-adjusted basis on Monday, July 18, 2022.

Based on the current price and split ratio, shares should be trading around $112 on Monday.

Shares of Google are down 22.6% year-to-date amid the sell-off in growth stocks as inflation and higher interest rates weigh on multiples.

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