Amazon's stock trades in 3-digit territory as first stock split in 23 years takes effect

As the first stock split in 23 years takes effect, Amazon's stock is trading in 3-digit territory.

Amazon.com Inc.'s stock AMZN, -2.52 percent is trading in three-digit territory for the first time in about five years, thanks to the ecommerce and cloud giant's 20-for-1 stock split going into effect recently. Monday's premarket trading showed that the stock had risen 0.7 percent to close at $2,447 on Friday, and was expected to open at $123. Before the split, the stock had not traded below a four-digit level since October of last year. After a six-day winning streak of 20.6 percent, Amazon's stock fell 2.5 percent to a split-adjusted $122.35 on Friday, ending the company's 23-year-old stock split. Compared to the S&P 500 SPX, -1.63 percent, the stock's year-to-date loss is 26.6 percent.

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