Thursday, February 3, 2022

google alphabet stock split

Jumped the most in almost two years to a record high after the Google parent posted fourth-quarter results that showed the. Alphabet has been at a disadvantage as its stock is expensive and uses the name of a holding company rather than the globally recognized brand Google.

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In 2021 Googles ad revenue topped 200 billion for the first time in the companys 23-year history.

. Alphabets stock surged 7 in extended trading after the news came out. Last years ad. If you bought one share of Google in 2004 at its initial public offering price of 85 then it would be two shares worth over 1500 today.

Google parent Alphabet said its board approved plans for a 20-for-1 stock split on Tuesday as part of the technology companys quarterly earnings statementAlphabet stock rose more than 9 in. Google stumbled during the early stages of the pandemic in 2020 causing it t. Google rebranded to create the parent company Alphabet in 2015 and in the last two years its stock has doubled.

Now according to CNBC it is. The impressive numbers pushed Alphabets share price near 3000 in extended trading. If the stock is hovering around that price at the time of the proposed stock split the shares would be repriced at about 150 apiece.

The stock split could lead to.

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