Apple’s stock price will appear quite a bit lower Monday morning, but investors shouldn’t fret.
The iPhone and Mac giant’s four-for-one stock split officially took place after the close of trading Friday, and Apple AAPL, -0.16% anticipates that the move will make its shares “more accessible to a broader base of investors.” As a result of the split, Apple shareholders will own four shares for every one they held prior.
Expect Apple’s stock price to be about 75% lower when trading begins Monday morning as a result of the split — shares closed Friday at $499.23, suggesting that they will open around $124.81, though the tenor of premarket trading could affect that. While some systems may appear to register that Apple’s stock has actually declined by 75%, the historical records will eventually be adjusted so that Apple’s past stock prices are also reflected on a split-adjusted basis.
With the historical adjustments, previous events and prices will be changed. For instance, Apple priced shares in its 1980 initial public offering at $22 a shares. After its first four stock splits, though, that price fell to 39 cents a shares in the historical register, and it will fall again — to about a dime — after this split.
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