When Apple Stock Split Happen
Six years after apple had its last split the company has announced that a four to one stock split will happen on august 24.
When apple stock split happen. Then the seven for one stock split took effect lowering the price to approximately 94. When trading stopped shares were priced at 645 57. It follows a similar move apple made in 2014 when it offered a 7 to 1 stock split. The last time apple split its stock was on june 9 2014.
At the time apple was trading above 600 per share. Apple s move is not uncommon and the company has enacted stock splits in the past. One share owned before apple s first split in 1987 would turn into 224 shares next month once the split happens. If you pay 440 per share for apple stock pre split you need to note in your records that after the split happens you ll have four times as much stock with a cost basis of 110 per post split share.
Apple s board of directors has approved a four for one stock split to.