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Alphabet to split in 20-for-1: Is stock a buy after splitting?
Jumped 9.16% after the bell, Google’s parent company Alphabet announced 20-for-1 stock split plan on Monday. Alphabet’s share has doubled in Show More
Jumped 9.16% after the bell, Google’s parent company Alphabet announced 20-for-1 stock split plan on Monday. Alphabet’s share has doubled in less than two years, and the stock price of GOOGL has reached to US$ 2752. In that case, the new split would make it more affordable for investors.
After Apple announced to split its share in 4-for-1 on 31 Aug 2020, the stock price jumped 8.8% in 2 days then occurred a 3-month correction. Tesla share rose 12.5% when the company announced 5-for-1 split plan on 31 Aug 2020.
Is GOOGL a buy after the share splitting? Will you step in or step out?

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