FILE PHOTO: The Apple logo is seen on the Apple store at the Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo FuentesSplitting stocks is a way for companies to make it less expensive to buy individual shares although moves by some retail brokerages to offer slices or fractions of shares to smaller investors has made the impact increasingly marginal.
The rally helped the iPhone maker overtake Saudi Aramco as the world’s most valuable publicly listed company and become the first publicly listed U.S. company to breach $2 trillion in market capitalization.The electric carmaker followed suit earlier this month by announcing a 5-for-1 split to portion its richly valued stock into smaller chunks, which also took effect on Monday.
Shares of Tesla, up 61% since it announced its first-ever stock split in mid-August, closed at $2,213.4 on Friday. They rose 3.2% at $456.90 in early trading on Monday.
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Lol , and sp500 , Dow Jones down , mmm broker hace problem with cut now . Why Easy . They want your money
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