No, Google's Stock Is Not Free Falling; 20-1 Stock Split Goes In Effect Today

Benzinga Real-time News · Jul 18, 2022 20:30

Google's parent company, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to start trading after its 20-1 stock split Monday, which went into effect on Friday after the market close.
There are two listed share classes of Alphabet, each with its own ticker symbol. GOOG shares are Class C shares with no voting rights, while GOOGL shares are its Class A shares, often known as common stock, which have the customary one-share-one-vote structure.
GOOG closed at $2,255.34 on Friday, while GOOGL closed at 2,235.55.
Related: What The Imminent Alphabet Stock Split Means For Investors
The 20-1 split means that if an investor owns one share of either class — they will receive 19 shares after the split while keeping the one share, bringing the total to 20.
Based on Friday's closing price, Class C shares will be worth $113.43, and Class A shares will be worth $112.43 post the split.
Post the split, GOOG is trading 0.96% higher at $113.75, and GOOGL is trading 0.83% higher at $112.70 premarket on the last check Monday.
Photo by Firmbee via Pixabay

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No, Google's Stock Is Not Free Falling; 20-1 Stock Split Goes In Effect Today

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