Dear Clients
Amazon.com (AMZN) announced that they will carry out 20-for-1 stock split which will be effective on 6 Jun 2022. This means each Amazon.com shareholder will receive nineteen additional shares for every share held. The price of the shares will be adjusted to one-twenty on 6 June 2022.
As ATFX offers Amazon.com shares CFD (#AMZN) price which is derived from Amazon.com shares on the US Exchange, the shares’ price will also undergo stock split.
Symbol | Product | Corporate Action | Effective Date |
#AMZN | Amazon.com CFD | 20-for-1 stock split | 6 June 2022 |
The example below describes how #AMZN 4-for-1 stock split affects current holding position
Stock Split | Date | Type | Volume (Lot) | Open price |
Before Split | Before 6 June 2022 | Buy | 100 | 2480.00 |
After Split | After 6 June 2022 | Buy | 2000 | 124.00 |
Stock Split | Date | Type | Volume (Lot) | Open price |
Before Split | Before 6 June 2022 | Sell | 100 | 2480.00 |
After Split | After 6 June 2022 | Sell | 2000 | 124.00 |
Note:
- All pending orders Take Profit/Stop loss/Buy Limit/Sell Limit/Buy Stop/Sell Stop will be DELETED after market closed on 3 June 2022.
- In order to ensure the price stability after the stock split and avoid affecting clients’ transactions. #AMZN will be delayed 5 minutes after market opening on 6 June 2022. That means the trading hours start from 16:38 MT4 system time!!
Please feel free to contact us via email: [email protected] or call: 400-1200-143 if you have any questions.
Sincerely,
ATFX