Don’t freak out when you see Apple shares trading below $100 on Monday

BGR.com
Ex-Apple managers spill dirt on what it’s like to work there, say Apple execs ‘are nuts’
.

View photo

Ex-Apple managers spill dirt on what it’s like to work there, say Apple execs ‘are nuts’

Apple’s stock will plummet to below $100 per share on Monday… but it’s nothing to worry about. Apple’s shares, which closed Friday’s trading at $645.57, will begin trading on Monday somewhere south of $100 for the first time in more than seven years, and it won’t be because the company has missed Trip Chowdry’s deadline for releasing an iWatch. Instead, the lower price will reflect Apple’s wild 7-for-1 stock split taking effect after all current shareholders receive six additional shares of Apple stock for every share they now own. StreetInsider points out that while the split officially took place on June 2nd earlier this week, the share price won’t reflect this change until trading starts on Monday.

More from BGR: 4.7-inch and 5.5-inch iPhone 6 cases show us how much bigger Apple’s next iPhones will be

This article was originally published on BGR.com

Related Video:

View Comments (18)