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JUN 09, 2014 - Business Insider

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A Reminder To Apple Shareholders To Not Have A Heart Attack This Morning

A quick reminder: Apple shares split 7-for-1 today. This is a reminder to you not to have a heart attack when you see screwy looking quotes like this today, like this one from Yahoo Finance: Obviously, Apple shares have not plunged 85.7%. You now have 7x as many shares as you had Friday, and each shares if worth 1/7th of what they were on Friday. Apple officially made the split announcement in an SEC filing on Friday, which read: Effective on June 6, 2014, Apple Inc. (“Apple”) amended its Amended and Restated Articles of Incorporation to increase the number of shares of common ... Read More

Tags: A Reminder To Apple Shareholders To Not Have A Heart Attack This Morning,  Yahoo Latest News