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.
This article was originally published on BGR.com
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