As stock market corporate events go, a stock split is one of the more exciting deals.
On July 15, Alphabet, the parent company of Google, will execute a 20:1 stock split. Holders of Class A, Class B, and Class C shares as of July 1 will receive 19 additional shares for each share of stock they currently own.
The price of each share of stock will be reduced to effectively five percent of the price of a single share as of July 1. For example, the price of a single share of stock at the end of business May 31 was $2,752.88, and the price of each share after the 20:1 split would be $137.64….