May 23, 2013 - 04:00 PM EDT — AAPL: 442.14 (0.00, +0%) | NASDAQ: 3498.965 (+33.722, +0.97%)
“According to proprietary research from top Bernstein analyst Tony Sacconaghi, Apple (AAPL) is seriously looking at a stock split,” Lee Brodie reports for CNBC. “In a live interview on CNBC’s Halftime Report
, Sacconaghi says “Our belief is that there’s a reasonable likelihood that Apple will split the stock. ‘We’re confident that the company is looking at that topic and that they’ve started soliciting input on that topic. That last time they solicited input from investors was on the dividend and in short order we had one.’”
“For example, at $600, in a 2-1 split each shareholder would receive 1 additional share for each share they hold. In this example Apple would become a $300 stock,” Brodie reports. “Or, in a 10-1 split each shareholder would receive 9 additional shares for each share they hold. In this example Apple would become a $60 stock.”
Read more in the full article here.