Amazon: The stock is set to drop

Amazon: The stock is set to drop

According to MarketWatch, before the opening of the session on Wall Street, the share of the retail giant is up 0.7% to $ 123, while on Friday – before the split – it was closed at $ 2,447.

The last time Amazon stock was in triple digits was in October 2017.

In March, Amazon had announced that its shareholders would receive 20 shares for each share they held until the 9th of March. According to CNBC, the split in the shares does not change anything for the company, except for the possibility of making the shares accessible to a larger number of investors due to their cheaper price.

In this context, MKM Partners changed the target price for the company’s share, from $ 3,625 to $ 180 to reflect the split.

It is noted that until last Friday, the share of Amazon recorded losses of 26.6% from the beginning of the year!

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