Google Stock Split
AP Googles digital advertising empire turned in another strong. Google parent Alphabet Inc.
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If the stock is hovering around that price at the time of the proposed stock split the shares would be repriced at about 150 apiece.
. Google parent Alphabet posted much stronger-than-expected fourth quarter earnings Tuesday and approved a 20-for-1 split of its stock as ad and search revenues surged amid a post-pandemic boost. Read more about Google parent Alphabet seeks more investors in 20-for-1 stock split on Business Standard. In 2021 Googles ad revenue topped 200 billion for the first time in the companys 23-year history.
Stock splits had fallen out of favor over the last. Last years ad. 1 that it will enact a 20-for-1 stock split giving shareholders 19 more shares for every one they own.
The impressive numbers pushed Alphabets share price near 3000 in extended trading. The new class of retail investors often weigh affordability and brand recognition when deciding which stocks to buy. Googles Q4 Ad Sales Soar Again Parent Plans to Split Stock By MICHAEL LIEDTKE AP Technology Writer SAN RAMON Calif.
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