8/21/2020, 5:32 PM (Source: TeleTrader)
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Chart for: Apple

Apple jumps over 4% ahead of 4:1 stock split

Apple Inc.'s stock gained more than 4% on Friday ahead of a four-for-one stock split set for Monday, August 24.

Each Apple shareholder will receive three additional shares for every share owned at the close of business on August 24. The trading of Apple stocks on a split-adjusted basis will begin on August 31, the company said in late July. Earlier this week, Apple became the first United States public company to exceed $2 trillion in market capitalization.

The tech giant's shares traded 3.79% higher at 11:46 am ET, selling for $490.75.

Breaking the News / MS