The Google stock split yesterday means shareholders of record as of March 27 received an additional share for every share they previously owned, and share value was halved. Through the deal, investors who owned "Class A" shares were given "Class C" shares.
what is Google stock split
- Why GOOGL Is Up Following Google Stock Split
- What the Google (Nasdaq: GOOG) Stock Split Means for Investors
The Google Inc. (Nasdaq: GOOG) stock split happens tomorrow (Wednesday, April 2), meaning Google shareholders of record as of March 27 will own two shares tomorrow for every share they own today.
Following the split, Google will have twice as many shares outstanding than it currently does. Google's "Class A" shares will trade under the ticker GOOGL, while the company's "Class C" shares will remain on the company's current ticker GOOG.