Apple announces a 4 for 1 stock split
During Apple's impressive third-quarter earnings results, the company announced that its Board of Directors approved a four-for-one stock split. This means that for investors who currently own the stock they will receive three additional shares on 24 August after the market closes.
Did you know you can speculate on the price of Apple shares using Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets. Get started with a free demo trading account today!
At yesterday's closing bell Apple's share price was trading around $400 after a move higher due to an impressive third-quarter earnings report which resulted in higher sales even during the coronavirus lockdown period. This means the new price for stockholders will be around $100 when the company trades on a split-adjusted basis on 31 August.
Apple's stock split is not uncommon as the company has done them before. The last split was in 2014 which made the company eligible for addition in the Dow Jones Industrial Average. A stock split does not change the company's fundamental picture but it can lead to increased interest from smaller investors as the shares become cheaper and more accessible.
How to trade Apple shares with Admiral Markets UK Ltd
If you are feeling bullish or bearish on Apple's share price you can speculate on its price direction using CFDs. To get started, follow these five simple steps:
- Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
- Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
- Type in Apple at the bottom of the Market Watch search box and then drag the symbol onto the chart.
- Use the one-click trading feature on the chart or right-click on select Trading -> New Order.
- Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.
Source: Admiral Markets MetaTrader 5 Web, #AAPL, Monthly - Data range: 1 July 2006 to 31 July 2020. Please note: Past performance is not a reliable indicator of future results.
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