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Apple Stock Splits 7-for-1, Opens at $92 With All-Time High Just Over $100
This morning, Apple's stock underwent a 7-for-1 split, awarding 6 additional shares to each shareholder of record at 5PM PDT on Friday. Simultaneously, the price of the stock has been divided by 7 and should open around $92 after closing on Friday at $645.
Apple's all-time high stock price, reached in September 2012, is $705 or $100.72 post-split.
Apple's stock has split on three previous occasions, on a 2-for-1 basis, in 1987, 2000 and 2005. Apple has said that it wanted to make its stock "more accessible" to a wider variety of customers, but Apple could also be aiming for inclusion in the Dow Jones Industrial Average index. The Dow is price-weighted, meaning Apple's previous stock price of nearly $700 would have resulted in an significant reweighting of the index and a $92 would put it in the right price range for inclusion.
As the most valuable publicly traded company in the world, with a market cap of more than $550 billion, Apple could be a logical addition for the index. It would join a number of other high-tech companies listed including Cisco, IBM, Intel, Microsoft, AT&T and Verizon.
Apple went public on December 12, 1980 for $22 per share. Accounting for its four stock splits, Apple's stock cost roughly $0.39286 per share at IPO, giving a return of roughly 23,400% over 33.5 years.
Apple's all-time high stock price, reached in September 2012, is $705 or $100.72 post-split.
Apple's stock has split on three previous occasions, on a 2-for-1 basis, in 1987, 2000 and 2005. Apple has said that it wanted to make its stock "more accessible" to a wider variety of customers, but Apple could also be aiming for inclusion in the Dow Jones Industrial Average index. The Dow is price-weighted, meaning Apple's previous stock price of nearly $700 would have resulted in an significant reweighting of the index and a $92 would put it in the right price range for inclusion.
As the most valuable publicly traded company in the world, with a market cap of more than $550 billion, Apple could be a logical addition for the index. It would join a number of other high-tech companies listed including Cisco, IBM, Intel, Microsoft, AT&T and Verizon.
Apple went public on December 12, 1980 for $22 per share. Accounting for its four stock splits, Apple's stock cost roughly $0.39286 per share at IPO, giving a return of roughly 23,400% over 33.5 years.
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56 months ago
Google doesn't know how to handle this.
Image (http://img.tapatalk.com/d/14/06/09/ytazasur.jpg)
In Google's defence, Google does not know how to handle many things.
56 months ago
I'm sure some stockholder woke up this morning, saw Apple stock so low and completely freaked out! :eek: Lol.
56 months ago
It's cheap now. I'm going to buy some because it's going back to $700/share. :D
56 months ago
For the past month I've tried to learn a little bit about stocks. So Apple's stock split 7-1. So if you owned APPLE stock before the split at $645.... did that $645 get split 7 times to make $4,515 or did all it do is was split your one share at $645 into 7 shares?
I'm assuming the latter since $645 divided by 7 is $92.
Yes, the latter is correct.
56 months ago
How funny is that. 4 years ago I bought one share to put up on my wall.
Now I have 7! And I get a sweet $2.25 per quarter in my bank ;)
Now I have 7! And I get a sweet $2.25 per quarter in my bank ;)
56 months ago
so does this mean I can buy Apple stock for $100 now?
Yes. I will sell you my shares this morning for $100. :D
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