• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Amazon stock split could set it up for being included in the Dow Industrials

by
March 10, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Bed Bath & Beyond announces CEO is leaving, as it sharply misses quarterly expectations

Bitcoin briefly drops below $20,000 again as pressure continues to mount on crypto market

Sell Upstart as rising rates weaken borrowing demand, Morgan Stanley says

S&P 500 futures are little changed as Wall Street tries to regain its footing

In this article

AMZN

The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France.
Pascal Rossignol | Reuters

Mega cap tech stocks are shedding their mega share prices with huge stock splits.

First came Alphabet back in February with its 20-for-1 stock split. Then, on Wednesday, Amazon made its move with its own 20-for-1 stock split.

Amazon’s stock price would have closed today at a split-adjusted price of $139.28. Just as with Alphabet, Amazon’s stock split makes the e-commerce giant’s stock more palatable as a component in the price-weighted Dow Industrials. At the split-adjusted price, Amazon would have the 12th-smallest weighing among the 30 stocks, which would put it right in the middle of the pack — an identical weighting to Walmart. But unlike Walmart, which is a Consumer Staples stock, Amazon is in the Consumer Discretionary sector.

Perhaps the Dow index committee may consider giving Walgreens the boot from the index as that company reevaluates its Boots unit. And although Walgreens is a Consumer Staples stock, replacing it with Amazon would still give the consumer retail good representation. Walgreens is the second-least-influential stock in the price-weighted index, sitting at $48.

On top of Alphabet and Amazon, Nvidia could be waiting in the wings too. The chipmaker split its stock 4-for-1 back in July, and its price is now sitting at $230. If added to the index, Nvidia would have the sixth-largest weighting in the Dow – far more than the Dow’s least impactful stock, fellow competitor Intel, which is sitting under $48.

Other techs that could remain vulnerable include Cisco, the fourth-least-influential stock in the index, and IBM, which has the eighth-smallest weighting and has now completed the spin-off of its Kyndryl-managed infrastructure unit.

The last major tech company to join the Dow was Apple, which was added in March 2015, a mere nine months after completing a 7-for-1 split, the fourth split in its history. (It since completed another 4-for-1 split in 2020.)

It’s over to you now, Dow committee…

Next Post

Fears for gas supplies as Russian troops seize Ukraine facilities - live updates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Sell Upstart as rising rates weaken borrowing demand, Morgan Stanley says

by
June 29, 2022
0

Rising interest rates and a troublesome macroenvironment mean it's time to sell Upstart , Morgan Stanley says. Analyst James Faucette...

Read more

Sell Upstart as rising rates weaken borrowing demand, Morgan Stanley says

Bitcoin briefly drops below $20,000 again as pressure continues to mount on crypto market

Bed Bath & Beyond announces CEO is leaving, as it sharply misses quarterly expectations

S&P 500 futures are little changed as Wall Street tries to regain its footing

Here’s how much your Social Security check is likely to go up next year

Buy Penn National Gaming as it benefits from pent-up demand for experiences, Barclays says

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.