Apple Stock Split News

Brushed off the covid 19 crisis to report record results thursday and the company said it plans to split its stock in an attempt to make it more accessible to a broader base of.

Apple stock split news. Apple said a stock split would allow it to appeal to a broader base. Apple s board of directors has approved a four for one stock split to. Are these maneuvers good or bad for investors. Apple s upcoming stock split will be its fifth since going public.

Announced a 4 for 1 stock split after shares of the iphone maker surged more than 80 in the past year shareholders at the close of trading on aug. Then the seven for one stock split took effect lowering the price to approximately 94. Apple shareholders at the close of trading on aug 24 will receive three additional shares for each one they currently own. The tech company split its stock on a 2 for 1 basis in 1987 2000 and 2005.

The last time apple split its stock was on june 9 2014. When trading stopped shares were priced at 645 57. Apple and tesla arguably two of the market s most popular companies both announced stock splits in recent weeks. Then it split its stock on a 7 for 1 basis in 2014.

24 will receive three. Apple on thursday announced its fifth stock split in its history as the iphone maker s stock price marched to the 400 level. The move will make the stock more accessible to a broader base of investors as shares surged more than 80 or almost 400 over the past year. This is apple.

Post split trading will begin on aug 31. Six years after apple had its last split the company has announced that a four to one stock split will happen on august 24.