Past performance is no guarantee of future returns Why has Alphabet conducted a share split?Ĭompanies carry out stock splits with the intent of making their stock prices more attractive to retail investors.īig Tech companies, including Apple ( AAPL), Tesla ( TSLA), Nvidia ( NVDA) and Amazon ( AMZN), have announced or carried out stock splits of their own recently, having seen their share prices soar. The company’s Class A shares differ from Class B shares as the latter shareholders do not trade their shares on stock exchanges.Īlphabet’s Class B shares are reported to have 10 votes a share while its Class A shares have only one vote each. Class B shares are exclusively owned by the company’s founders and select directors. Class A shares and Class C shares are listed in public markets. Shareholders approved the plan at the 2022 Annual Meeting of Stockholders on 1 June, with the Google stock split date set for 15 July.Īlphabet has divided its stock into three classes. Investors cheered the Google stock split news as Alphabet Class A shares surged over 7.5% on the following day to see its best intraday gain of 2022.
When did Google split its stock? Shareholders of Alphabet’s Class A, Class B and Class C stock received additional 19 shares for each stock they owned after the 15 July market close.Īlphabet announced on 1 February that its board of directors had approved and declared the stock split for the company’s Class A, Class B and Class C shares. US30 US Wall Street 30 (USA 30, Dow Jones)
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