Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Mac News > Apple 7-to-1 stock split to take place after close of Friday trading

Apple 7-to-1 stock split to take place after close of Friday trading
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Jun 5, 2014, 03:25 PM
 
The 7-to-1 Apple stock split announced in April will be completed at the end of NASDAQ trading on Friday, the company notes. The split will greatly multiply the number of available Apple shares. It shouldn't affect current owners much, however, since it will divide the value of each share by the same ratio.

The main effect will be to make it easier to trade Apple stock in smaller dollar amounts. When it announced the split, Apple said it wanted its shares to be "more accessible to a larger number of investors." At the moment a single Apple share is worth roughly $646, but that should shrink to under $100 next week.

Because of the split, after-hours trading won't be possible on Friday. Likewise, any equity and option orders open by the end of the day will be canceled, and not automatically restored.
     
Professional Poster
Join Date: Jan 2000
Location: Columbus, OH
Status: Offline
Reply With Quote
Jun 5, 2014, 04:11 PM
 
The total value of AAPL stock held doesn't change but having 7 times as many shares is kind of neat; the human brain somehow thinks that even though the total value doesn't change, having 7 times as many shares is somehow pleasing.
HyperNova Software, LLC
Check out SuperScanner! for the iPad
     
Fresh-Faced Recruit
Join Date: Feb 2006
Status: Offline
Reply With Quote
Jun 5, 2014, 04:41 PM
 
Even more stupidly, people look at googles price of $650 share price and say it is equal to Apples $650 share price. But they don't see the total market valuation.

This simply gets more small investors (willing) to buy for a few shares and helps eliminate direct share comparisons to a competitor.
     
Dedicated MacNNer
Join Date: Nov 2008
Status: Offline
Reply With Quote
Jun 5, 2014, 05:02 PM
 
There were quite a few people thinking Apple's share price was going to run up over $650 before the stock split but the stock simply ran out of momentum as I figured it would. Investors are going to be very careful to make sure the stock doesn't keep running up. If it were Google or Amazon, the share price would be well over $700 as investors got on board. That won't ever happen with Apple. It's just too hard for investors to overcome their fears that Apple will somehow mess up like it did in late 2012 and no one wants to be stuck holding an empty bag.
     
Forum Regular
Join Date: Jul 2006
Status: Offline
Reply With Quote
Jun 5, 2014, 06:04 PM
 
@iphonerulez Don't gloat yet, we still have a day of trading left before the split and it only needs to gain $2.66 to put it "over" $650. I know I'm hoping for at least $3 in gains tomorrow.
     
Senior User
Join Date: Sep 2001
Location: in front of my computer
Status: Offline
Reply With Quote
Jun 5, 2014, 07:58 PM
 
iphonerulez, how did Apple mess up in late 2012? Investors may have gotten ahead of themselves (though, $700 would have been cheap if the valuation based on P/E ratio applied to GOOG or AMZN had applied to AAPL), but that's on investors, not on Apple.

I said this recently and I will say it again here: analysts and investors do not get it. There is likely not going to be another smash hit, disrupting product like iPhone coming out of Apple in the near future, and that's OK. Instead, Apple will move to extend its reach and stickiness with iOS users as mobile devices increasingly become the center of our lives. You'll narrow down what autos you may consider buying based on whether they offer CarPlay or not. You'll upgrade your house to a smarthome using iPhone and iPad as the device to control the lights, thermostat, refrigerator, washer and dryer, etc. You'll monitor your health through iDevices including wearables that have not even been announced yet. You'll choose what to watch on TV (likely not an Apple HDTV set, I sincerely doubt Apple will ever come out with one) using your AppleTV and mobile device. You'll find your way around Home Depot or Target with your iPhone. You'll pay for your goods with your iPhone. That phone or tablet you always have with you or nearby you whether you are at home or on the road will become even more central to your digital life than it is already. And iOS will increasingly become the leader of the pack due to the fragmentation in the Android installed base, as well as the relative lack of appeal to retailers. typical Android users have with respect to their disposable income. Sure, Android may still have the bulk of mobile OS users, but it will be an empty title.
     
Dedicated MacNNer
Join Date: Nov 2003
Status: Offline
Reply With Quote
Jun 6, 2014, 10:53 AM
 
My inner Apple fanboy has made me a helluva lot more money than any market analyst ever has. They just don't have a clue when it comes to AAPL.
     
Fresh-Faced Recruit
Join Date: Jun 2014
Status: Offline
Reply With Quote
Jun 17, 2014, 12:25 PM
 
It’s really great posts.
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 10:58 PM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2