Amazon's stock just got cheaper

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Amazon’s board has approved a 20-for-1 stock split.

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This is Amazon’s fourth split since its IPO in 1997 and the first since 1999.

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The cost of each share would go from $2,785.58 to $139.28.

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Distributions from the split will be made to Amazon shareholders on June 3.

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[{"selector":"#anim-9a9bdc69-d356-45e7-ac79-cd77d75debb6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.25546862047946%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The trading for new investors will begin on a split-adjusted basis on June 6. The trading for new investors will begin on a split-adjusted basis on June 6.