The price of Google’s stock recently decreased significantly

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Last Updated on July 19, 2022 by Bitfinsider

Following a major stock split that went into effect on Monday, one share of Alphabet, the parent company of Google, is now suddenly far more accessible to Main Street investors.

A 20-to-1 split of Alphabet’s two classes of shares (GOOG) resulted in a drop in share price from just over $2,200 on Friday to roughly $110 on Monday.
The market capitalisation of Alphabet is unaffected by the stock split. The company is still one of the most valuable businesses on the planet with a value of around $1.5 trillion.

However, the split could have two advantages. In the beginning, it might make Alphabet shares more alluring for regular investors. The likelihood that Alphabet will eventually be included in the famous Dow Jones Industrial Average also rises.

This is so that the Dow, which only includes 30 stocks, is weighted according to price, as opposed to the S&P 500 and many other indexes, which are weighted according to market value. Therefore, if a stock with an extremely high price were included in the Dow, the index’s daily performance would be greatly distorted.
With a weighting of approximately 11% in the Dow, insurance company UnitedHealth (UNH), which trades at more than $525 per share, now has the greatest weighting. While Apple (AAPL), which has a market value of $2.4 trillion, or nearly five times that of UnitedHealth, is the thirteenth largest Dow component.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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