You Can Now Buy Shares Of Apple For Under $100 After 7-For-1 Stock Split
June 9, 2014
It’s official. Apple’s stock has split on a 7-for-1 basis. When trading begins on Monday, AAPL will be available for $92.22 per share.
First announced in April, the stock split is only the fourth such occurrence in the history of Apple and the first since February 2005.
Since the announcement, Apple’s stock has climbed 23 percent. Year over year, AAPL is up 46 percent.
One year after Apple's first stock split in May 1987, shares rose 2 percent. The stock climbed 60 percent in the first year after the 2005 split. A year after the June 2000 split, Apple’s shares dropped 57 percent, during a worldwide downturn in technology stocks.
The three previous stock splits were on a 2-for-1 basis.
Apple’s shares hit an all-time high of $705.07 in September 2012. With the split, that peak has now been adjusted to $100.72. Apple went public in December 1980 at a split-adjusted 39 cents per share.
Are you planning to buy Apple stock now that it has split? Trading begins at 9:30 a.m. EDT.
See also: Re/Code: Apple Plans To Introduce The ‘iWatch’ At An October Event, Tim Cook And Eddy Cue Tease 'Exciting' Products At Opening Of Apple's New Austin Campus, and Apple Now Producing TV Ads In-House Instead Of Relying On Longtime Collaborator.
Via: ABC News
Since the announcement, Apple’s stock has climbed 23 percent. Year over year, AAPL is up 46 percent.
One year after Apple's first stock split in May 1987, shares rose 2 percent. The stock climbed 60 percent in the first year after the 2005 split. A year after the June 2000 split, Apple’s shares dropped 57 percent, during a worldwide downturn in technology stocks.
The three previous stock splits were on a 2-for-1 basis.
Apple’s shares hit an all-time high of $705.07 in September 2012. With the split, that peak has now been adjusted to $100.72. Apple went public in December 1980 at a split-adjusted 39 cents per share.
Are you planning to buy Apple stock now that it has split? Trading begins at 9:30 a.m. EDT.
See also: Re/Code: Apple Plans To Introduce The ‘iWatch’ At An October Event, Tim Cook And Eddy Cue Tease 'Exciting' Products At Opening Of Apple's New Austin Campus, and Apple Now Producing TV Ads In-House Instead Of Relying On Longtime Collaborator.
Via: ABC News
