Amazon stock to trade on a 20-for-1 split-adjusted price

Amazon shares will start trading on a 20-for-1 split-adjusted basis on June 6.

It is Amazon's biggest stock split till date. With this stock split, all Amazon shareholders will receive 19 more shares for each share they held on May 27.

E-commerce giant Amazon is ready to trade its shares with a 20-for-1 stock split.

It is the company's first such financial step in the past two decades. The shares will trade at a split-adjusted price on June 6.

Earlier, Amazon had announced that every shareholder of the company would get 19 more shares for each share they held.

Notably, this is the biggest stock split in Amazon's history.