Apple Shares Rise as Trading Begins Following Four-for-One Stock Split
Apple's four-for-one stock split takes effect today, with the company's share price dropping from roughly $500 to around $125 as of the start of trading this morning.
The strong rise in Apple's stock price over the past five months has continued today, with shares trading nearly 3% higher in the first few minutes of trading. Apple shares have pared their gains since then, but are still up around 2% today.
Apple's overall market value of over $2 trillion is unaffected, as investors received three additional shares for every share of Apple stock they previously owned.
Top Rated Comments
I'm not sure what the new DJIA advisor is after this adjustment, but it's something like .15 (with a bunch of digits after that). Previously Apple's share price represented more than 10% of the DJIA, now it represents around 3%.