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06-09-2014, 05:53 PM
Don't Freak Out: Apple Stock Is Trading Below $100
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For the first time in more than seven years, Apple's share price is trading in the double digits.
Apple's 7-for-1 stock split officially goes into effect Monday, giving each existing shareholder six additional shares for every share they hold. While Apple's market cap remains unchanged — about $550 billion — the share price went from around $650 on Friday to just more than $92 when the market opened Monday.
See also: Apple Is Starting to Get Exciting Again (http://mashable.com/2014/05/29/new-apple-beats/?utm_medium=feed&utm_source=rss)
The Cuperti** company first an**unced (http://mashable.com/2014/04/23/apple-q2-earnings-2014/?utm_medium=feed&utm_source=rss) the unusual stock split when it reported earnings results in late April.
Apple has previously conducted three separate 2-for-1 stock splits, in 1987, 2000 and 2005. The company's stock has climbed by more than 20% since then on rumors of new products like an iWatch and larger iPhone (http://mashable.com/category/iphone/?utm_medium=feed&utm_source=rss) as well as the stock split and an increased buyback Read more... (http://mashable.com/2014/06/09/apple-splits-its-stock/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Apple (http://mashable.com/category/apple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/uTQ3xnV692U
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For the first time in more than seven years, Apple's share price is trading in the double digits.
Apple's 7-for-1 stock split officially goes into effect Monday, giving each existing shareholder six additional shares for every share they hold. While Apple's market cap remains unchanged — about $550 billion — the share price went from around $650 on Friday to just more than $92 when the market opened Monday.
See also: Apple Is Starting to Get Exciting Again (http://mashable.com/2014/05/29/new-apple-beats/?utm_medium=feed&utm_source=rss)
The Cuperti** company first an**unced (http://mashable.com/2014/04/23/apple-q2-earnings-2014/?utm_medium=feed&utm_source=rss) the unusual stock split when it reported earnings results in late April.
Apple has previously conducted three separate 2-for-1 stock splits, in 1987, 2000 and 2005. The company's stock has climbed by more than 20% since then on rumors of new products like an iWatch and larger iPhone (http://mashable.com/category/iphone/?utm_medium=feed&utm_source=rss) as well as the stock split and an increased buyback Read more... (http://mashable.com/2014/06/09/apple-splits-its-stock/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Apple (http://mashable.com/category/apple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/uTQ3xnV692U