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Why Apple Shares Popped 21.4% in August

TheMotleyFool

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Shares of tech titan Apple (NASDAQ: AAPL) rocketed up 21.4% in August, according to data provided by S&P Global Market Intelligence. That continued 2020's outperformance trend for the device maker. For the first eight months of the year, Apple's share price was up 75.8%.

If you haven't been keeping tabs on Apple's stock, the current share price of about $120 may seem a lot lower than you expect. That's due to a four-for-one stock split that occurred after market close on Friday, August 28. August 31 was the first trading day at the new post-split share price.

Image source: Getty Images.

Source Fool.com

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