Wall Street is quick to dismiss the power of the stock split. But as this week’s 7-for-1 Apple Inc. (NASDAQ:AAPL) stock split revealed, a significantly reduced share price can make a company more appealing to the average investor.
“This will only be the fourth AAPL stock split in the company’s history (and this one was clearly overdue.) The others were all 2-for-1 splits, which took place on May 15, 1987, June 21, 2000, and on February 18, 2005. Since Apple went public at $22 a share back in December 1980, the split-adjusted IPO price as of June 9 will be $0.39,” David Zeiler Reports.
Watch the video below as Chris Preston breaks down the The Power Of The Apple Inc. (NASDAQ:AAPL) Stock Split: