Apple and Tesla shares surge after stock splits kick in

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High-flying shares of Apple Inc and Tesla Inc surged again on Monday as stock splits took effect and attracted more buying from investors.

FILE PHOTO: The Apple logo is seen on the Apple store at the Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes

Apple split its stock 4-for-1, while Tesla split its stock 5-for-1, with both companies saying they aimed to make their shares more affordable to individual investors. The success of the splits for Apple and Tesla could lead CEOs of other companies with high-priced stocks to consider their own splits.Both Silicon Valley companies have massive followings among individual investors. In recent sessions, Apple and Tesla were the two most-traded stocks at Fidelity’s brokerage, with customers overwhelmingly buying.

Trading at over $2,000 on Friday on a split-adjusted basis, Tesla’s stock had among the highest price tags on Wall Street. Other companies with quadruple-digit stock prices included Amazon, at over $3,400, Google-parent Alphabet, at over $1,600, and Chipotle Mexican Grill, trading at over $1,300.

 

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I support Tesla coming to Austin. Maybe people will stop bbqing each other. If not 🤷‍♂️ only so much 1 man can do

Well Robinhooders have 4 and 5 times more money now to buy more shares.

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