Apple, Tesla bid up ahead of share split open

FILE PHOTO: The Apple logo is seen on the Apple store at the Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes

Splitting stocks is a way for companies to make it less expensive to buy individual shares although moves by some retail brokerages to offer slices or fractions of shares to smaller investors has made the impact increasingly marginal. The rally helped the iPhone maker overtake Saudi Aramco as the world’s most valuable publicly listed company and become the first publicly listed U.S. company to breach $2 trillion in market capitalization.The electric carmaker followed suit earlier this month by announcing a 5-for-1 split to portion its richly valued stock into smaller chunks, which also takes effect on Monday.

Shares of Tesla, up 61% since it announced what is its first stock split in mid-August, closed at $2,213.4 on Friday. They were priced up 2.33% at $453 when counted at their post-split value in pre-market on Monday.

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Huh

lol TSLA is up .16% in premarket. Not a significant move by any measure.

They're cheap again! Everyone pile in to bid up their share prices again!

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