Rumors of an Amazon stock split have been around for a year but this could happen on Thursday, according to Fox Business’ Charles Gasparino.

  • Citing unnamed traders, Gasparino took to Twitter to say the stock split is likely this year.
  • The stock split will cement Amazon Chief Executive Officer Jeff Bezos as the world’s richest man and widen his lead over Tesla Inc. Chief Executive Officer Elon Musk.
  • Gasparino said the stock split will also allow Amazon to join the Dow.
  • Amazon shares rose as much as 2.1% following the tweet.
  • The reporter noted that speculations on the split are not meaningless and have been around for at least a year.

AMZN: Nasdaq is up 0.28%, while TSLA: Nasdaq is down 3.09%.