Apple Considering Possible Stock Split?
March 25th, 2007 by MacLifestyleIt has been a little over two years since Apple stock last split. On Feburary 18, 2005 Apple stock was split in a two-to-one ratio increasing shares from 900 million to 1.8 billion and splitting stock value from $89.62 to $44.68. Since then the stock has more than doubled and is currently trading at $93.15.
According to Mac Rumors Apple is seriously considering another stock split which will decrease the price of the stock, but the number of shares will increase proportionately. Considering the current market value of Apple(AAPL) is at $93.15 (which is almost 4 dollars above the price Apple stock split in February 05) it is reasonable to take these rumors into careful consideration.
How Will the Apple Stock Split Affect You?
Companies often split their stock when they believe the price of their stock exceeds the amount smaller individual investors would be willing to pay for the stock. By reducing the price of the stock, companies try to make their stock more affordable to these investors. (SEC)
By lowering the price of the stocks and increasing trading volume Read More…
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