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Amazon announced its first stock split in more than 20 year

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To capture the attention of ordinary investors and Wall Street index makers, Amazon's stock is splitting—not in half, but in 20 bite-sized pieces.

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It's the first time the stock has split in almost 20 years, during which time the company's stock price has increased by 50 times.

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The 20-to-1 stock split, if authorised by Amazon shareholders, will significantly lower the internet giant's notoriously high share price.

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If the split is approved by the company's shareholders, the stock will tumble to around $150 per share.

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This should attract new retail investors and even earn it a place in the Dow Jones Industrial Average.

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On March 9, the company announced the split and a new $10 billion stock buyback in an 8-K filing with the US Securities and Exchange Commission.

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