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Shares of Apple stock open at $92.69 as 7-for-1 split takes effect

post #1 of 28
Thread Starter 
Apple's much-anticipated 7-for-1 stock split officially went into effect with its new pricing on Monday morning, trading at $92.69 when the NASDAQ Stock Market opened at 9:30 a.m. Eastern in New York.




Existing AAPL shareholders were awarded their six additional shares after markets closed on Friday. But the open of the market on Monday represented the first time shares are being traded at the new split-adjusted price.

Apple has said it opted to split its stock in an effort to make it more accessible to a larger number of investors. Shares of Apple have trended higher since the company reported a better-than-expected 2014 second fiscal quarter, inching closer to its all-time high of just over $700 per share. Under the new price, shares would need to reach over $100 to set a record.

With the new pricing now in effect, Apple has undergone its fourth stock split since the company went public. The company previously saw 2-for-1 splits on May 15, 1987, June 21, 2000, and Feb. 18., 2005.

Those who received additional shares will not see any personal income tax consequences as a result of the split. The tax bases of each share owned after is one-seventh the amount it was before the split.

As a result of the split, the number of authorized Apple common shares has now ballooned from 1.8 billion to 12.6 billion shares. The new figures also mean that Apple's future earnings per share calculations will be divided by seven.
post #2 of 28
It was funny over the weekend when my account showed the additional shares but with the closing price on Friday. I know this will change this morning but it was a fun thrill.

It will take some time to adjust to the reduced share price when a 1 point rise is close to a 1% change instead of it being a 1/7% rise.
post #3 of 28
No idea why the Amsterdam Store is being displayed. A more fitting Store would be Frankfurt, as that is where the stock is in Europe. At € 67,86 BTW

I’d rather have a better product than a better price.
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I’d rather have a better product than a better price.
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post #4 of 28

And so the new era of manipulation on AAPL begins.

Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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post #5 of 28
I think you will see Apple stock up at least to $100 a share in the next couple of days. Bear in mind that is almost a $50 increase of last weeks shares.
post #6 of 28
Quote:
Originally Posted by Ireland View Post
 

And so the new era of manipulation on AAPL begins.

Yes. There will be a lot of buying and selling of shares.

post #7 of 28
Quote:
Originally Posted by MrPezman View Post

I think you will see Apple stock up at least to $100 a share in the next couple of days. Bear in mind that is almost a $50 increase of last weeks shares.

I hope that's true, but I doubt it. Right now, as I type this, the stock is down almost 45 cents, after having opened up. And the markets are up again today. Apple closed down Friday as well, when the markets were also up.
post #8 of 28
Quote:
Originally Posted by melgross View Post


I hope that's true, but I doubt it. Right now, as I type this, the stock is down almost 45 cents, after having opened up. And the markets are up again today. Apple closed down Friday as well, when the markets were also up.

 

AAPL is going down on technicals.

Hmmmmmm...
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Hmmmmmm...
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post #9 of 28

It would be wise not to jump to conclusions based on the stock's activity on one or two trading days during the year, especially around a disruptive event like a stock split.

 

Right now, AAPL is trading at $92.69, the same price at this morning's opening bell.


Edited by mpantone - 6/9/14 at 7:57am
post #10 of 28
APPLE IS DOWN 86%! DOOMED¡

😱
"If the young are not initiated into the village, they will burn it down just to feel its warmth."
- African proverb
Reply
"If the young are not initiated into the village, they will burn it down just to feel its warmth."
- African proverb
Reply
post #11 of 28
Apples share count you have is way off. It should be approximately 861 million times 7.
post #12 of 28
Quote:
Originally Posted by Benjamin Frost View Post

APPLE IS DOWN 86%! DOOMED¡

😱

 

Yep, AAPL tanked over the weekend. Now it’s under $100 just like the iHaters predicted last year. They were right all along. They have been vindicated; just ask them. So long Apple. It was nice while it lasted. We should be hearing from Constable Odo any minute now to confirm and explain this disaster of EPIC FAIL proportions. 

 

Oh, and c|net has an entire article dedicated to explaining why this happened and why AAPL is now $93 instead of $645. I guess people are really that stupid after all.


Edited by lkrupp - 6/9/14 at 9:16am
post #13 of 28
Quote:
Originally Posted by melgross View Post


I hope that's true, but I doubt it. Right now, as I type this, the stock is down almost 45 cents, after having opened up. And the markets are up again today. Apple closed down Friday as well, when the markets were also up.

 

And two hours after your post AAPL is up $1.00

post #14 of 28
And now it's up $1.26....

Mel, you should know better than to worry about intraday trading.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #15 of 28

I just bought 1 share. When is the next board meeting. I have some ideas.

post #16 of 28

Apparently there are two ways to adjust prices: According to Yahoo, Apple did pretty good this year. According to Bloomberg, the past year saw a huge 10x+ gain.

 

Check out the 52-wk Low/Hi

 

 

post #17 of 28
Quote:
Originally Posted by Farshad Foroudi View Post

I just bought 1 share. When is the next board meeting. I have some ideas.

With the purchase of every share you are automatically eligible to become a SVP at Apple in a monthly lottery. Congrats!

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #18 of 28

Not all apps and sites have managed to adjust for AAPL's split yet.

 

I have this one app that I use called StockTouch, which I like a lot by the way, but they show that AAPL is -85.48% down today.:lol:

post #19 of 28
Quote:
Originally Posted by Apple ][ View Post

Not all apps and sites have managed to adjust for AAPL's split yet.

I have this one app that I use called StockTouch, which I like a lot by the way, but they show that AAPL is -85.48% down today.lol.gif

Yahoo Finance's stock tracker did not automatically adjust either. Annoying.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #20 of 28
Quote:
Originally Posted by Benjamin Frost View Post

APPLE IS DOWN 86%! DOOMED¡

😱


Yes Frostie, you are doomed if you attempt to trade stocks.  About 90% of individuals lose in the stock market.

Just stick to your bank account, which pays you little or no interest, but which you may understand.

post #21 of 28
Quote:
Originally Posted by JoshA View Post
 


Yes Frostie, you are doomed if you attempt to trade stocks.  About 90% of individuals lose in the stock market.

Just stick to your bank account, which pays you little or no interest, but which you may understand.


Can you back that up with anything?  For the past 100 years over any reasonably long term stocks have outperformed bank accounts.  Even after the last big stock crash I was well ahead within two years as most people where. 

post #22 of 28
Quote:
Originally Posted by Ireland View Post
 

And so the new era of manipulation on AAPL begins.

Yeah, that, and then there's the tinfoil hat stuff....

post #23 of 28
Quote:
Originally Posted by anantksundaram View Post
 

Yeah, that, and then there's the tinfoil hat stuff....

 

I believe that is a CNC milled aluminium hat.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

Reply
post #24 of 28
Quote:
Originally Posted by MrPezman View Post

I think you will see Apple stock up at least to $100 a share in the next couple of days. Bear in mind that is almost a $50 increase of last weeks shares.

 

I don't think so.

 

Probably reach $100 at the earliest in Mid-July if they beat earnings again.  Till then we will probably test $95-$96 level

 

holding 1750 shares

Apple Purchases last 12 months - iPhone 5S (two), iPhone 6, iPhone 6+ (two), iPadAir, iPadAir2, iPadMini2, AppleTV (two), MacMini, Airport Extreme, iPod Classic.
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Apple Purchases last 12 months - iPhone 5S (two), iPhone 6, iPhone 6+ (two), iPadAir, iPadAir2, iPadMini2, AppleTV (two), MacMini, Airport Extreme, iPod Classic.
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post #25 of 28
Ok really stupid question. I never used to see AAPL listed as one of the most actively traded stocks. Normally the average volume would be between 10-20 million. Now today I see they're up there with Bank of America at 75 million. I assume that's due to the split?
post #26 of 28
Quote:
Originally Posted by Rogifan View Post

Ok really stupid question. I never used to see AAPL listed as one of the most actively traded stocks. Normally the average volume would be between 10-20 million. Now today I see they're up there with Bank of America at 75 million. I assume that's due to the split?

 

One could probably safely assume that is the reason.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

Reply
post #27 of 28
Quote:
Originally Posted by Farshad Foroudi View Post

I just bought 1 share. When is the next board meeting. I have some ideas.

Just email Tim Cook. Now that you share ownership of Apple with him, he'll probably meet up with you over dinner to discuss strategy.
"If the young are not initiated into the village, they will burn it down just to feel its warmth."
- African proverb
Reply
"If the young are not initiated into the village, they will burn it down just to feel its warmth."
- African proverb
Reply
post #28 of 28
I'm happy about the split. I was finally able to afford some shares of aapl. I've been looking forward to it for years! :-)
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