Alphabet Inc., the parent company of Google, has announced that a 20:1 stock split will occur today.
The price of Google, currently trading at $2207, might drop as low as $110 after split.
It will be effective on your portfolio from Monday, 18th July.
Google is struggling to get a good morning as the market opens with $2170.
After hitting a record high of $3,037 per share in November, Google's share price plummeted continuously.
Amazon and Shopify face the same destination after stock split; inflation and rising interest rates are a concern.
Buying a share on Monday will undoubtedly be less expensive than doing it now.
BoA reports that split stocks increased by an average of 25% during the subsequent year.
Alphabet posted March profits with sales increasing 23% yearly, the slowest rate since 2020.
The stock's liquidity may grow due to the split, making it more accessible to investors.