Reminder: 7-1 AAPL stock split takes effect today
Apple’s first stock split since 2005 takes effect today, but the computers that track the stock price often forget to take that into consideration (above).
Why the 7-1 split? The lower buying price may open the door to more investments from smaller investors, and the ~$100 price would let it major indices list AAPL, opening the door to more investment. Expand