Why Amazon and Alphabet may need to split their high-priced stocks
CNN
Amazon and Google owner Alphabet are two of the most valuable companies on the planet. They dominate their industries, generate tons of cash and are obscenely profitable. Yet neither of the companies are in the prestigious Dow Jones Industrial Average — and for a good reason.
Both Amazon (AMZN) and Alphabet (GOOGL) have stock prices in the quadruple digits. That makes them a no-go for the Dow, which weights its 30 components by share price rather than market value. So if either Amazon (currently priced north of $3,300 a share) or Alphabet (trading at just under $2,300) joined the Dow, they would immediately have an outsized impact on the Dow.
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