Category: Financial
- Published: 04 June 2014
- Written by Editor
Blog post By Scott Welsh
I love Apple.
I love the back-story (even though Wozniak kind of got screwed). I love the products (even though they don’t run Tradestation). I love Steve Jobs (even though he was a colossal jerk at times). And I love the Genius Bar (even though the Big Bang Theory nerds always make fun of it). I love Apple so much that I’ve been known to threaten violence to anyone who disparages Apple’s good name. So be careful.
That being said, have you heard the news? This week Apple announced a 7:1 stock split starting on June 9th. This is huge! So huge, in fact, that Apple’s stock price immediately jumped 8% after the announcement. But what does the stock split mean and why did they do it?