Google's stock just got a lot cheaper
CNN
One share of Google's parent company Alphabet is suddenly a lot more affordable for Main Street investors — following a massive stock split that took effect Monday.
Alphabet (GOOGL) split its two classes of shares (GOOG) by a 20-to-1 margin, a move that reduced the price of one share from just over $2,200 on Friday to about $110 on Monday.
The stock split doesn't change Alphabet's market capitalization. The company is still worth nearly $1.5 trillion, making it one of the most valuable firms on the planet.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.