“The firm gave no reason for why Apple might take such a move, which would double the number of Apple shares while halving the price,” Reuters reports. “In a note to clients, senior analyst A.M. Sacconaghi wrote that a split would enable Apple to be considered for inclusion in the 30-company index, which he described as under-representing technology companies.”
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MacDailyNews Take: Need more input, Stephanie! In addition, only a 2 for 1 split would halve the price of AAPL shares. Stock splits don’t have to be 2 for 1.
That said, since Apple went public, there have been three AAPL stock splits and each one was 2-for-1. The payable dates were June 15, 1987, June 21, 2000, and February 28, 2005.