Apple on June 6, 2014 filed a FORM 8-K with the U.S. Securities and Exchange Commission that states, in part:
Effective on June 6, 2014, Apple Inc. (“Apple”) amended its Amended and Restated Articles of Incorporation to increase the number of shares of common stock, par value $0.00001 per share, that Apple is authorized to issue from 1,800,000,000 to 12,600,000,000 and to provide that as of 5 p.m., Pacific Daylight Time, on June 6, 2014, each share of common stock outstanding shall be automatically, and with no further action by the holder of such share, split into seven shares of common stock.
As of close of trading on June 6, 2014, any AAPL common shares held at market open on Monday, June 9 will have automatically become seven AAPL shares, each of which will be worth approximately $92. Apple’s shares outstanding totaled 861.38 million before market close on June 6th. Apple’s shares outstanding now total approximately 6.029 billion.
Of note: Apple’s all-time high is $705.07, set during trading on September 21, 2012. Now that the 7-for-1 split has taken effect, Apple’s split-adjusted all-time high stands at $100.72.
Apple’s FORM 8-K is here.
I hope this helps in regards to the options manipulation.
“Shares outstanding” is more relevant…it’s how you calculate mkt cap, eps, etc. that goes from about 860m to 6bn.
Let’s see if the stock gets manipulated less now. Unlikely but we can always hope.
Less than a 10% increase needed to get to $100 or $700 pre-split.
The boys who cried wolf, won’t get away with it next time, everyone realizes that they were just full of shit.
Dealing with fools like you is like taking candy from a baby.
And this morning Ameritrade showed my share balance had increased by x7, but at the same price as Fridays close, so my net worth grew by x7 overnight. That big fat number sure did look good on the screen, and for an instant I was like that guy with the fake lottery ticket. LOL!
I snapped a screen cap of my TD statement that had me rich for a few hours. Was fun to see these huge numbers even if I knew it was fake.
Same here. Was a millionaire for a day.
What would happen if you sold 10% at that moment?
Would it get caught and adjusted or glitch and you become instantly rich?
Most definitely adjusted. Besides, would you want to get rich at the expense of someone else getting reamed??
Of course. Ain’t that the American way? I mean come on, that is how folks get richer all the time. Where you been living?
“par value $0.00001 per share” ???
Original issue price $22, with 3 2:1 splits makes $2.75 … and now 7:1 split makes $0.39 (and a fraction)
Someone needs to go back to school!
Look at the big brain on Eddie!
My calculator has a bigger brain than me!
So does this mean that Apple CAN issue 12.6B now but has actually ONLY issued 6B to the market?