CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Amazon conducted its first stock split in 23 years

17:19 6 June 2022

Technology giant Amazon conducted its first stock split in 23 years. The company is now trading over 3% higher.

  • Thanks to the stock split, the price has dropped twentyfold, lowering the entry threshold for retail investors. Until now, Amazon's shares were expensive, with more than $2,200 per share. At the beginning of the year it was close to $4,000;

  • Shares are once again trading at triple-digit levels for the first time in nearly five years. According to Bank of America analysts, stock splits usually lead companies to higher profits.

  • The stock split was conducted in the ratio of 20:1, which means that for each 'old' share investors received 20 new ones, which directly did not affect the result on the positions and the value of the shares held;

Amazon remains a giant when it comes to both the e-commerce and e-commerce sectors as well as cloud computing and technology services, including Amazon Web Services. Since the beginning of the year, Amazon's stock has lost more than 26%, nearly double that of the S&P500 index, and is now continuing its rebound. In the rush of panic, the discount relative to the beginning of the year reached nearly 46%. Fears about the condition of consumers in the U.S. in the face of rising interest rates and galloping inflation added fuel to the decline of Amazon shares. Alphabet (GOOG.US) is another company that has been carrying the stock split.  

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

Amazon (AMZN.US) shares, W1 interval. Amazon's stock has experienced massive gains during the ongoing COVID-19 pandemic and the associated rise in e-commerce and the popularity of streaming platforms, which the company also offers. Demand for cloud computing services is also on the rise. As a result of problems in supply chains and galloping inflation, sentiment towards Amazon's shares has deteriorated since the beginning of the year, causing the company to suffer a deep discount, while its financial results also turned out to be below expectations. However, the declines stopped near the Fibonacci retracement of 71.6, at levels close to 100 USD, from where we observe a definite improvement. Currently, the stock has exceeded 61.8 Fibo retracement. The first resistance is at the levels near 150 USD, where in turn 38.2 Fibonacci retracement is located. In case of a decisive deterioration of sentiment the bottom may be marked by psychological levels of 100 USD, where supply was previously stopped. The next demand zone is located at 80 USD mark, at the March 2020 levels. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language