Amazon Stock: What's The Outlook After Recent Stock Split?
$Amazon (AMZN.US)$ did repurchase $2.7 billion of stock in the quarter - which may have surprised some investors due to the negative free cash flow. AMZN ended the quarter with $96 billion of cash versus $48.7 billion of debt. While I would like to see AMZN start to generate free cash flow to fund share repurchases, the company has plenty of cash on hand to fund share repurchases even as it continues to invest heavily amidst supply chain struggles.
How Many Times Has Amazon's Stock Split?Besides this latest split, AMZN has previously split three times. On September 1, 1999, AMZN had a 2-for-1 split. On January 5, 1999, AMZN had a 3-for-1 split. On June 2, 1998, AMZN had a 2-for-1 split.
How Did Amazon Stock Do After The Stock Split?Immediately following the most recent split, AMZN did see a rally which was quite impressive considering that tech stocks were in general crashing during the same time period. However, the stock has since pulled back.
While AMZN has seen free cash flow swing wildly over the past year, I expect the aggressive investment to pay off once again over the long term.
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