Apple Stock Split 2020 Reddit

What does the apple stock split mean.

Apple stock split 2020 reddit. The stock split on a 7 for 1 basis on june 9 2014 and split on a 2 for 1 basis on february 28 2005 june 21 2000 and june 16 1987. Apple delivered impressive results on july 30 as it announced in its third quarter earnings and its board of directors has approved a four for one stock split. Aapl broke the ranks this summer by announcing a four for one stock split this was the first stock split since apple s seven for one stock split back in 2014 which also. Apple inc s planned stock split in the wake of the surge in its shares and strong earnings is stirring more bets on the company according to td ameritrade holding corp.

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 and tesla arguably two of the market s most popular companies both announced stock splits in recent weeks. Are these maneuvers good or bad for investors. On july 30 we also announced a four for one split of apple common stock and trading will begin on a split adjusted basis on august 31 2020.

This is apple s fifth stock split since it went public. The apple stock split. Apple has split its. A 2 for 1 basis on february 28 2005.

It also split on a 7 for 1 basis on june 9 2014. Bulls will note that stock splits are normally a good thing for stocks especially for aapl stock. A 2 for 1 basis on june 21 2000. And on a 2 for 1.

It means if you have 1 share of apple priced at around 400 you re now going to have 4 shares of aapl each worth around 100. Apple s stock has split four times since the company went public. On august 31 trading will begin. Also of note apple announced a 4 for 1 stock split for the end of august.