Menu
Amazon Kindle Voyage Rethinks the Reading Experience

Amazon Kindle Voyage Rethinks the Reading Experience

Mat Franco won America's Got Talent

Mat Franco won America's Got Talent

SpaceX and Boeing build manned NASA Spaceships

SpaceX and Boeing build manned NASA Spaceships

Matt Damon is Jason Bourne Again

Matt Damon is Jason Bourne Again

iPhone 6 Reviews are Glowing

iPhone 6 Reviews are Glowing

Apple Stock Split: The Price To Watch Is Now $100

Jun 9 2014, 10:40am CDT | by , in News | Apple

Apple Stock Split: The Price To Watch Is Now $100
 
 

YouTube Videos Comments

Full Story

Apple Stock Split: The Price To Watch Is Now $100

What a difference a month and a half makes.

In April, Apple announced it would undergo a 7-to-1 stock split that would bring its share price down from the stratosphere. But that’s not all that’s changed. On Monday, after the price dropped 85% in the split, Apple shares are not only more accessible than before — they’re also more attractive.

Leading up to the announcement on April 23, Apple shares were down 6.5% on the year. Since then, the stock has rallied to heights not seen since 2012. Why? Part of it may be the stock split, which makes shares potentially look more attractive to retail investors. It also opens up a chance for Apple to be added to the prestigious Dow Jones Industrial Average, something that would have been impossible at prices exceeding $600 per share.

But plenty else has been going on at Apple. Investors like that the company increased its share buyback and dividend programs to $130 billion in capital return. Developers love the new tools Apple unveiled at its new operating system reveal at last week’s WWDC, even if no new hardware came with it. Apple also dipped into its reserves to make its largest acquisition ever, a $3 billion purchase of Beats Electronic — bringing Jimmy Iovine and Dr. Dre on board.

Apple shares are up over 23% since the split was announced. While the split would have reduced the share price to about $75, instead the stock sits at about $92. If you’re eyeing a split-adjusted record high in the stock that keeps going up, the new one to watch for is $100.73. Apple shares last reached that peak in September 2012.

Follow Brian on Facebook and Twitter.

Apple Alumni: Where Are They Now?

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Guiliana Rancic Condemns Ariana Grande
Guiliana Rancic Condemns Ariana Grande
Guiliana Rancic Tells Ariana Grande to Watch Her Manners
 
 
Guiliana Rancic Condemns Ariana Grande
Guiliana Rancic Condemns Ariana Grande
Guiliana Rancic Tells Ariana Grande to Watch Her Manners
 
 
Alibaba (BABA) IPO is Tomorrow
Alibaba (BABA) IPO is Tomorrow
Finally it is here. The Alibaba IPO shares will be priced today and start trading tomorrow.
 
 
Amazon Kindle Fire HD 6 and Fire HD 7 go official
Amazon Kindle Fire HD 6 and Fire HD 7 go official
The duo of affordable tablets is already available for pre-order in a variety of colors
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.