Apple Stock Splits 7-for-1, Opens at $92 With All-Time High Just Over $100

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jun 9, 2014.

  1. macrumors bot

    MacRumors

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    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.

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    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.

    Article Link: Apple Stock Splits 7-for-1, Opens at $92 With All-Time High Just Over $100
     
  2. macrumors 68020

    heehee

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    #2
    It's cheap now. I'm going to buy some because it's going back to $700/share. :D
     
  3. macrumors 6502a

    Joined:
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    #3
    Yeap.
     
  4. macrumors 6502

    poohat1000

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    London
    #4


    not clued up on stocks n stuff so can't tell... is this sarcasm? surely that'd be insane
     
  5. macrumors 601

    Yvan256

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    Canada
    #5
    That much, eh? Well, let me get into my time machine and... oh wait.
     
  6. macrumors regular

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    Vienna, Austria
    #6
    are you serious?
     
  7. macrumors newbie

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    Columbia, MD
    #7
    Forrest Gump just did a giant fist pump!!!!!
     
  8. macrumors 68030

    Joined:
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    Aussie living in Canada
    #8
    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 ;)
     
  9. macrumors 601

    dannyyankou

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    #9
    Google doesn't know how to handle this.

    [​IMG]
     
  10. macrumors 6502a

    Joined:
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    #10
    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.
     
  11. macrumors 68040

    the8thark

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    Apr 18, 2011
    #11
    In Google's defence, Google does not know how to handle many things.
     
  12. macrumors 6502a

    apunkrockmonk

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    Rochester, NY
    #12
    Yes, the latter is correct.
     
  13. macrumors 65816

    MacSince1990

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    #13
    Google knows exactly what it's doing ;)

    ----------

    Yeah, they're kidding.
     
  14. macrumors 68040

    the8thark

    Joined:
    Apr 18, 2011
    #14
    Yep. You have the same value. Instead of split over a single share, it's split over 7 shares.

    A round number example is: $700 a share before the split equals $100 a share after the split. You have the same $ value worth of shares, just your total $ value is split over a larger number of shares now.

    I guess this is done to get new investors into Apple. At nearly $700 a share it's a hard ask, but at a touch under $100 a share, that's was easier to get into.
     
  15. macrumors 601

    dannyyankou

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    #15
    Better.

    [​IMG]
     
  16. macrumors regular

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    #16
    When a stock splits it doesn't change anything for the market value of the company itself. Now $1 moves the stock as much as $7 would've in the past.
     
  17. macrumors 603

    nfl46

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    Oct 5, 2008
    #17
    I'm sure some stockholder woke up this morning, saw Apple stock so low and completely freaked out! :eek: Lol.
     
  18. macrumors 6502

    Joined:
    Aug 3, 2008
    #18
    That's probably why the price is up. Trading bots jumping at the opportunity to get Apple stock for 85% off. :rolleyes:
     
  19. macrumors 6502a

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    Mar 25, 2009
    #19
    Confused

    so does this mean I can buy Apple stock for $100 now?
     
  20. macrumors 68000

    Cuban Missles

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    #20
    Not that I was in a position to invest in apple in 1980, but oh man to have bought just 100 shares at 22 a share at IPO. I think that alone would be worth over $500k today.

    I need a time machine. Anyone? Please! :D
     
  21. macrumors 6502a

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    Northern Va
    #21
    $92.22, yes.
     
  22. macrumors 68000

    Joined:
    Jun 24, 2010
    #22
    If your a stockholder you should have the brains to know better. It's been in the news all over the place on websites, TV and newspapers. I don't own Apple stock and I know better. I can only assume that people buying this stock are not mindless followers that will buy anything with Apple on it. Oh wait!
     
  23. macrumors 6502a

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    Dec 24, 2011
    #23
    Yes, they are now $92, more accessible to everyone.
     
  24. macrumors 603

    nfl46

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    #24
    Valid point. But there are some rookies out there that don't fully understand how it works.
     
  25. macrumors 6502

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    Oct 16, 2011
    #25
    Where are you jim cramer? lol
     

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