Amazon split could set it up for being included in the Dow Industrials
Summary
The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. At the split-adjusted price, Amazon would have the 12th-smallest weighing among the 30 stocks, which would put it right in the middle of the pack — an identical weighting to Walmart. The chipmaker split its stock 4-for-1 back in July, and its price is now sitting at $230. Other techs that could remain vulnerable include Cisco, the fourth-least-influential stock in the index, and IBM, which has the eighth-smallest weighting and has now completed the spin-off of its Kyndryl-managed infrastructure unit. The last major tech company to join the Dow was Apple, which was added in March 2015, a mere nine months after completing a 7-for-1 split, the fourth split in its history.
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