Apple Shares Split

Read more details about apple s earnings report.

Apple shares split. One share owned before apple s first split in 1987 would turn into 224 shares next month once. Shareholders at the close of trading on aug. 24 will receive three additional. During last week s earnings call the company announced it was doing a 4 for 1 stock.

Apple announced a 4 for 1 stock split last week. The stock was up 6 2 premarket friday. When trading stopped shares were priced at 645 57. A 4 for 1 split means that three additional shares of stock are issued for each share in existence on the record date of august 24 2020.

Retail traders looking to invest at the lower price will be sorely disappointed. Shares have since surged to new all time highs. Let s assume that as of the record date august 24 2020 an investor owns 100 shares of apple common stock and that the market price of apple stock is 400 per share so that the investment in apple is worth 40 000. Then the seven for one stock split took effect lowering the price to approximately 94.

Apple enacted 2 for 1 stock splits in 1987 2000 and 2005 as well as a 7 for 1 stock split in 2014. At the time apple was trading above 600 per share. Appl knows how to keep shareholders happy. The split brought shares of apple to about 92 a share.

Apple shares aapl 0 08 gained 5 8 in after hours trading pushing shares higher than 400 a level the stock has never eclipsed in regular trading. With apple s shares trading around 400 in the after hours the new price for holders will be around 100 when it begins trading on a split adjusted basis on august 31.