Apple Stock Split Effective Date
Apple s first stock split in 1987 came after the stock price had reached roughly 80 per share.
Apple stock split effective date. The move will drop the price of a single share of the company s stock to around 100 before accounting for any changes in price between now and the effective date for the split. When trading stopped shares were priced at 645 57. 31 will lead some money managers to sell shares as they adjust to mimic the dow jones industrial average s makeup. Apple s stock split effective aug.
Apple s nasdaq aapl board of directors approves a 4 for 1 stock split effective august 31. A 2 for 1 split gave apple plenty of breathing room to avoid triple digit share prices. 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. Following last quarter s lead.
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. The last time apple split its stock was on june 9 2014.