Attention! Stock split of Tesla Inc. and Apple Inc.
On Friday, 08/28/2020, after the end of trading on stock exchange Tesla Inc. and Apple Inc. will split their stock:
- 4-for-1 stock split of Apple Inc.;
- 5-for-1 stock split of Tesla Inc.
Trading will begin on a split adjusted basis on August 31, 2020.
SPLIT is when a company divides the existing shares of its stock into multiple new shares to boost the stock's liquidity.
What is a stock split about
Right after the split takes effect, the number of stock outstanding would Increase while the share price would be decrease. (4 times for Apple and 5 times for Tesla stock).
For example, if a trader on August 27, 2020 bought 100 CFDs for Tesla Inc. stock, then on August 31, 2020, his portfolio will have 500 CFDs for Tesla stock.
Or if a trader on 08/28/2020 opened a deal for 10 CFDs on Apple Inc stock, then when the market opens on 08/31/2020, this deal will automatically be for 40 CFDs on the company's stock at new prices.
Open an Account and Start to earn on Apple and Tesla stock