by Anura Guruge
on July 15, 2022
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GOOG 2022 Stock Split Calendar — Split Date Was Today, July 15.
So, it has finally happened, 5 months & 2 weeks (164 days) after the announcement, GOOG has at last split — 20-to-1. The split is taking place, across computers around the world, even as I type. Tomorrow morning the new split shares will be in accounts (IF you are lucky enough to have owned GOOG). [Yes, I have owned GOOG, though alas not that many, for many, many years.]
That GOOG went down $502 (18.2%) between the February 1, 2022 and today’s split is hard to believe. Many thought that GOOG will go up as the split approach — as had been the case with previous splits of popular shares. But, alas, this is 2022 with its horrendous (once in 40-year) inflation & the consequent interest rate hikes.
Amazon (AMZN), the other, BIG stop slit of 2022 (to-date), also saw its share price plummeting ahead of the split. It hasn’t done that well after the split either. Even today, nearly 6 weeks AFTER the split, AMZN is BELOW, well BELOW, the split price! This has some GOOG shareholders worried — as they should. To be honest, I am NOT that concerned. At my advanced age, with over 40 years stock investing in the rearview mirror, I understand that the market goes up & down & that it will eventually start rising after a fall & vice versa. Plus, my big thing is OPTION TRADING — actually that is an addiction. Now with this 20-to-1 stock split I will finally be able to do option trades on GOOG. WOW. Yes, I never had 100 shares of GOOG. But, I will after tomorrow. Actually I will have more than 200 … {SMILE} As some of you know, my BIG share holding is in AMZN & I have no regrets. {SMILE}
So, here is to the GOOG 2022 20-to-1 SPLIT. Cheers. Keep your fingers crossed. It will start going up someday — & then it will go up, quite a bit, for some time. That is a given.
