3 things investors should know about Apple's four-for-one stock split
The smartphone giant’s four-for-one stock split officially took place after the close of trading Friday, and Apple AAPL, -0.16% anticipates that the move will make its shares “more accessible to a broader base of investors.” As a result of the split, Apple shareholders will own four shares for every one they had prior.
Expect Apple’s stock price to be about 75% lower when trading begins Monday morning as a result of the split — shares closed Friday at $499.23, suggesting that they will open around $124.81, though trading action in after-hours and premarket trading could affect that. While some systems may appear to register that Apple’s stock has actually declined by 75%, the historical records will eventually be adjusted so that Apple’s past stock prices are also reflected on a split-adjusted basis.
With the historical adjustments, previous events and prices will be changed. For instance, Apple priced shares in its 1980 initial public offering at $22 a shares. After its first four stock splits, though, that price fell to 39 cents a shares in the historical register, and it will fall again — to about a dime — after this split.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple reportedly rejects Facebook app that tells users Apple takes 30% cut of in-app purchasesIn an effort to let users know of Apple's cut, Facebook had planned to say that 'Apple takes 30% of this purchase' in its new iOS version of the feature.
Read more »
Venice: 'Apples' Exclusive TrailerA man struggles to recover his memory after a pandemic causes widespread amnesia in this strange feature debut from Greek director Christos Nikou, which will premiere in the Horizons section of the 77th Venice International Film Festival.
Read more »
Apple and Tesla split their shares, but does it matter?Shares of Apple Inc and Tesla Inc will be less costly on Monday as pre-announced stock splits take effect, in theory making them more accessible to retail investors, but as more brokers offer fractional shares, some in the market question the need.
Read more »
Xiaomi is next Apple of China’s eyeThe $65 bln smartphone maker has exploited Washington's attacks on Huawei to take overseas market share. Its suite of gadgets look similar to the Cupertino giant's, and Xiaomi has maintained a bland political profile at home and abroad. That’s about to pay off.
Read more »
‘Fortnite’ Fans Are Pushed to Choose Sides in Epic’s Legal Spat With Apple, GoogleEpic Games, developer of the videogame “Fortnite,” is banking on support from ardent gamers though some fear the company is risking goodwill in spat with Apple and Google.
Read more »
Simon Kinberg, David Weil Apple Series ‘Invasion’ Sets Cast, Returns to ProductionSimon Kinberg and David Weil’s Apple series “Invasion” has set its main cast. Apple TV Plus has cast “Jurassic World: Dominion” and “Peaky Blinders” star Sam Neill, “Wynnona…
Read more »