“On Feb. 28, 2005, with Apple (AAPL) trading at $88.99 a share, the company issued a 2:1 split. The stock closed that day at $44.86. Within a year it was once again selling for more than $80 a share,” Philip Elmer-DeWitt reports for Fortune.
“Of course, the stock has since climbed past $320 quite on its own. It closed Tuesday at a record $355.20, up 0.94% for the day and more than 690% since the last split,” P.E.D. reports. “With the six-year anniversary of that Feb. 28 event approaching and talk of a stock split once again in the air, let’s examine the pros and cons.”
Full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]