by Anura Guruge
on July 16, 2022
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No surprises. Exactly as I had expected — & to be fair we already had a preview of the process with the Amazon (AMZN) split in June. So I knew what to expect — & it was also interesting that unlike with the AMZN split Fidelity didn’t bother to send me an e-mail with a schedule of what will happen re. the stock & options, following the SPLIT-DAY market close.
I nailed the new, post-split price BUT that is nothing to gloat about. It was going to be 1/20th of yesterday’s (i.e., July 15th) market close price. So, $112.77 (rounded up to 2-decimal points).
Here is something WILD. I included the AMZN share price (above) so you can see the two prices side-by-side. They are ONLY 78 cents apart. AMZN costs 78 cents more than GOOG. Wow.
On November 14, 2021, (using post split prices in BOTH cases) AMZN was $184, GOOG was $150. A $34 dollar gap. This is now down to $0.78! AMZN has gone down a LOT, much more than has GOOG.
