Apple Announces 4:1 Stock Split

Todd Haselton, CNBC:

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.

Matt Deatherage notes:

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 per share.

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.

★ Friday, 31 July 2020