Amazon stock gained 2.1% on Monday after Fox Business’s Charles Gasparino said the company is likely to have a stock split this year, Seeking Alpha reports. In a tweet, Gasparino hinted at a stock split as early as Thursday when the e-Commerce giant reports earnings.
Gasparino expects Amazon’s stock split to make Jeff Bezos the world’s richest person ahead of Elon Musk.
A stock split would also pave the way for Amazon’s inclusion into the Dow Index.
Gasparino said that Amazon split speculation has been ongoing and that the stock jump after his tweet reflected it.Amazon stock is currently gaining. AMZN: NASDAQ is up 0.97% on the premarket.
