Apple Splits!

Shares of Apple ($AAPL) closed today at $645.57. On Monday morning, there will be seven times the number of shares outstanding and the stock price should fall by 6/7ths.

Today’s closing price works out to $92.22 post split. The split puts Apple’s share price roughly in the range of many stocks in the Dow.

There are currently 861.38 shares outstanding of Apple. That will increase to 6.029 billion.

Posted by Eddy Elfenbein on June 6th, 2014 at 5:56 pm

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