Don’t freak out when you see Apple shares trading below $100 on Monday
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 stories
Apple Maps may finally be able to do something that Google Maps can't
iOS 8 vs. iOS 7: Here's how the features you know and love will change
Paid apps gone free: Remote Mouse turns your iPhone into the world's most amazing trackpad
