Investors of Apple received four shares for every one share held, resulting in its stock price being quartered from around $500 last week to about $125 today. quite well.
Apple's second 2-for-1 stock on June 21, 2000, was at the height of the dot-com bubble. One year after the split, shares were down 59.6%, underperforming the S&P 500's 16.4% decline during the same time period.
Apple's fourth stock split on June 9, 2014, which was 7 shares for 1, was followed by a 36.0% return over the next year. Shares handily outperformed the S&P 500's 6.6% return over the same time period.
Tesla did it too... Thats money laundering,split stocks
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Source: MarketWatch - 🏆 3. / 97 Read more »