Amazon (ticker symbol: AMZN) has approved its first stock split since the .com boom. Investors and traders with shares or open positions in AMZN stock will gain 20 times more shares.
What does this mean for you?
If you have open share CFD positions in AMZN at the close of business on Friday the 3rd of June, you will get 20 share CFD’s for each CFD you hold. The price per share CFD will also decrease by 1/20th to take this stock split into account.
Basically, the market value of your AMZN share CFD’s will not be affected even though you will gain 20 times more share CFD’s in your portfolio.
This will come into effect over the weekend, ready for when trading resumes on Monday the 6th of June.
If you have any questions, our Customer Support Team will be happy to help you.