As of today, the Google stock split is still going on. This means that many former valuation investors now have the opportunity to participate Alphabet (NASDAQ:GOOG, GOOGLE) – one of the largest technology companies in the world – at a substantial discount.
After months of deliberation, the 20-for-1 split brought GOOG and GOOGL shares down to just $112 per share. This is a far cry from the roughly $2,300 that GOOG stock closed last Friday. Now Alphabet is enjoying a solid day in the market as traders jump into the stock after the split.
Investors have long been anticipating GOOG’s stock split. In February, Alphabet announced that its board of directors had approved the split plan. That immediately boosted the stock by more than 7%. Today is the company’s first outing after the split, giving investors more incentive to buy discounted shares.
So far, investors have been challenged. Google is trending Honesty of The trading platform is one of the most bought stocks this morning. The company has also noticed a renewed interest in Reddit’s r/ the infamous WallStreetBets forum.
Google’s stock split boosts the alphabet
Today represents Alphabet’s most recent stock split in nearly a decade. The company’s last stock split before today was a simple 2-for-1 split. That happened in 2014, when the company was still operating under the Google name.
Interestingly, the Alphabet split also marks the end of the large-cap price barrier for many of the world’s biggest tech companies. After Alphabet and Amazon’s (NASDAQ:AMZN) recent splits – and Apple (NASDAQ:AAPL) and Tesla’s (NASDAQ:TSLA) latest splits of 2020 – most infamous ones “FAANG” companies are trading at some of the lowest levels in their recorded history. Adding to the overall decline in technology has pushed Nasdaq Composite down over 25% year-to-date (YTD) and it’s never been easier to get to know some of the market’s biggest winners.
Originally published on InvestorPlace. Read here.
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