Alphabet Split Ends Era of Jumbo Prices for Megacaps
- Shares of the Google parent are set to trade in the $100 range
- Amazon, Shopify shares have continued to sink after splitting
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The days when investors had to shell out thousands of dollars to buy a single share of some of the world’s biggest technology companies are gone.
Alphabet Inc. closes the door on that era Monday when its shares begin trading in the $100 range after completing a 20-for-1 split, following the blueprint laid out by Amazon.com Inc. The stock rose as much as 1.1% to $113 at Monday’s open.