Apple splitting stock for the first time since 2014


Apple is aiming to bring its stock to a wider base of investors by breaking it four ways.

Announcing the release of its third quarter earnings, the iPhone giant said that trading would begin on August 31, 2020 on a split-adjusted basis. Depending on how the shares perform between now and then, split shares may cost around $ 100. .

Apple shares rose 6% on Thursday after closing at $ 384.76.

This is Apple’s first stock split since 2014. Since going public in 1980, Apple’s stock has split four times since the company went public. It split on a 2-for-1 basis in 1987, 2000 and 2005, and a seven-on-one basis in June 2014. Apple shares have appreciated 320% since their last stock split.

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