Apple on Thursday announced in its fiscal third-quarter earnings
that the Board of Directors has approved a four-for-one stock
split. Since Apple stock currently trades above $380, it means
investors should expect to again have a chance to buy a share of
Apple for around $100, depending on where the stock trades at the
end of August.
We’ve periodically reminded that Apple’s lowest stock price was 23
Dec 1997, when it closed at a currently-adjusted price of $0.40
After 31 Aug 2020 and the 4:1 split, the new adjusted record low
price on that date will be $0.10/share.
TEN CENTS PER SHARE.
“Beleaguered” no more.