Amazon Stock Split, Retail Giant's First in 23 Years, Takes Effect

Amazon shares were trading around $128 on Monday morning as the company’s 20-for-1 stock split took effect.

The company’s stock reportedly closed Friday at a pre-split price of $2,447.

Several tech giants have unveiled stock splits in recent years, includingGoogle parent Alphabet,GameStopandTesla.

Apple, whichkicks off WWDCon Monday, announced a4-for-1 stock split in 2020.