Apr 24 2014
Apple Stock Split 7 to 1 and Mutual Funds Holding Apple Stock @apple #applestock

If you were surprised by the Apple announcement of a stock spit you are not alone, even more surprising was the what the stock split was, at 7 to 1, that is the first time in 30+ years that a company on NASDAQ has split 7 to 1.

This split puts Apple stock within reach of many who cannot afford the $550+ price, and brings it down to the $80 range. The  7-for-1 stock split would be effective June 9.

We are excited by other great news coming from  Apple.

Apple exceeded earnings

Apple expanded its stock buy back by $30 billion, bringing the total to $90 billion in the stock buy back program.


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