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Apple Seven-for-One Stock Split

June 9, 2014

Apple-7-for-one-Stock-Split

June 9, 2014 is the first trading day for Apple stock (AAPL) following the Seven-for-One split.

AAPL closed at $645.57 ($92.22 on post-split adjustment) on Friday, June 6, 2014. After the Seven-for-One split, AAPL closes at $93.70 on Monday, June 9, 2014.

Surprisingly, Forbes, a huge business/financial publications does not really understand how stock split works.

According to Forbes, AAPL plummeted by $551.87. Not sure if Forbes is either incompetent or lying.

Forbes is either incompetent or lying

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