Alphabet, Google’s parent company, is splitting up its stock to enable affordability, leading to a surge in the share price as retail traders will now be able to own a part of the company instead of opting for fractional shares. “Alphabet today announced that the Board of Directors had approved and declared a 20-for-one stock split in the form of a one-time special stock dividend on each share of the Company’s Class A, Class B, and Class C stock,” the company said as part of its quarterly earnings report (pdf) published Tuesday. If stockholders approve the move, each one will receive “after the close of business on July 15, 2022, a dividend of 19 additional shares of the same class of stock for every share held.” To own a share of Alphabet, traders need to invest close to $3,000. “The reason for the split is it makes our shares more …