If you were an Apple shareholder of record this past spring, you saw your holdings multiply by seven as the company underwent a 7:1 stock split. While not affecting the values or ownership percentages in a shareholders portfolio, nor affecting the market capitalization of Apple, it did increase relative ownership in terms of number of shares significantly.
It also made Apple’s stock more accessible to small investors who may have been weary of spending north of $600 for one share of stock.
Following the split, Apple’s shares were valued in the low $90-range, and have been slowly ...
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