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Odeon supports Amazon stock split rumors

Published 06/15/2017, 12:02 PM
© Reuters.  Odeon supports Amazon stock split rumors
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  • Amazon (NASDAQ:AMZN) stock split rumors swirl after a tweet from The Street’s Douglas Kass. Odeon analyst Jahanara Nissar says she wouldn’t be surprised if Amazon did split.
  • 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%.
  • Now read: Why Amazon's Killer App Is Its Database


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