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It's even better than that, the stock split three times.
by tehsauce 5y ago
It's even better than that, the stock split three times.
- cletus 5y agoNormally stock splits (or, more broadly, "corporate actions") are incorporated into things like Google Finance to avoid skews from stock splits, rights issues, stock reissues and so forth skewing the historical results. So I think the OP is right.
- vxNsr 5y agoYea, I don't believe the actual opening price was $1.73 Yup, appears it was $18[0] https://www.investopedia.com/articles/investing/082715/if-you-had-invested-right-after-amazons-ipo.asp#:~:text=Amazon.com%20Inc.,million%20as%20of%20May%202020 https://www.investopedia.com/articles/investing/082715/if-yo....
- DSingularity 5y agoIt’s not. But the equivalent opening price if you factor in the stock splits - which would have multiplied the shares you bought at opening - is $1.73 per share.
- Inhibit 5y agoCorrect. 2-1, 3-1, then 2-1 early on. So there's a 12 to 1 ratio at play there. Initial day's closing was 18$.