Amazon (NASDAQ) shares were 0.8% higher pre-opening Monday. Shares begin trading today on split-adjusted bases.

On Friday, the stock was closed at $2.447 per share, or $122.35 adjusted to reflect the split. The stock was last traded Monday morning at $123.30

Amazon claimed that employees would have more options in managing their Amazon equity. The split also made the stock easier to access for those who want to invest in Amazon.

For every share of record as at May 27th, 2022, 19 shares were added to the shares. This was in addition to the shares that had been recorded on their accounts by June 3rd, 2022.

This was the 23rd time that Amazon had split its stock.