52Wk High: $3041
AH close (2/1): $3013 ($150.65)
Pre (2/2): $3041 ($152.05)
Google parent Alphabet announced plans for a 20-for-1 stock split on Tuesday as part of the technology company's quarterly earnings statement.
The move comes a year and a half after Apple said it would split its stock.
Alphabet intends to split the Class A, Class B and Class C shares of the stock, according to the earnings statement. The change requires shareholder approval. Each shareholder at the close of business on July 1 will receive, on July 15, 19 additional shares for each share of the same class of stock they own.
Shares of Alphabet stock have become expensive, at over $2,750 each at the time of market close on Tuesday, having doubled since May 2020.
Edits: Price movements updates
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