Alphabet split ends era of jumbo prices for megacaps: Report

The days when investors had to shell out thousands of dollars to buy a single share of some of the world’s biggest technology firms are gone.
 

Alphabet closes the door on that era Monday when its shares begin trading in the $100 range after completing a 20-for-1 split, following the blueprint laid out by Amazon.com. In premarket trading, the stock rose 1.6 per cent to $113.61. 
 

The companies billed the moves as a way to make their stocks more accessible for retail investors and that has been achieved. But so far the lower price tags have done little to lift