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Sources tell FOX Business' Charlie Gasparino that Amazon could announce stock split as early as Thursday to coincide with Q1 earnings.
During his nearly 30 years running Amazon.com, Jeff Bezos may be best known for his relentlessly long-term focus on his company’s growth and insistence at ignoring investor shorter-term demands.But with his tenure as chief executive ending this summer, investors are betting that new CEO Andy Jassy will be more welcoming to their wishes. including announcing a long-anticipated stock split that could juice shares of the online retailer now hovering around $3,480 per share.
Traders and investors are hoping to get some hints about a possible stock split on Thursday when Amazon releases first-quarter earnings after the close of trading. Amazon is expecting another strong quarter with revenue above $100 billion and profits between $3 billion and $6 billion. Speculation about a stock split, first reported earlier in the week by FOX Business led to a 2.04% gain in shares, one of the biggest spikes in Amazon stock all year.
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