Today the announced Apple Stock split goes in affect. The Apple Stock will start trading at $92.10.
Do not get shocked when you see a 85% drop in the Apple Stock this morning. It is a stock split. Apple announced the 7-to-1 stock split a couple weeks ago. Today marks the first trading day after the stock split. Apple stock holders have already gotten 6 additional shares for each AAPL share in their trading accounts. The Apple stock is close to it's all-time high again it reached 2012.
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If the stock goes over $101 it would mark a new all-time high. The new below $100 stock price makes Apple more accessible for smaller investors. Another advantage is that now Apple would fit into the Dow Jones Industrial Average Index.
(Disclosure: I own Apple Stock)
Find more Apple News and Rumors in our Apple News Hub and on our new real-time Apple news site Apple Balla. Apple is set to have an exciting fall and holiday season with the release of iOS 7 and OS Maverick in addition to a slew of new devices including the iPhone 5S, iPhone 5C, iPad Air, iPad mini with Retina Display, Mac Pro, MacBook Air, iMac and MacBook Pro. There might also be something completely new that we do not know about. It is likely not the iWatch, which is expected for 2014.