Why Apple's Stock Split Truly Shocked Shareholders
Tech giant Apple (NASDAQ: AAPL) has broken all the rules of stock market investing. Its huge returns in 2019 and so far in 2020 fly in the face of those who've said that the iPhone maker's best days are behind it. Its market capitalization of nearly $1.8 trillion seems too large for further gains, yet Apple keeps breaking the law of large numbers to push ever higher.
Now, Apple has once again flown in the face of convention, this time with its stock. In an era in which stock splits have almost disappeared, the Cupertino-based tech giant said that it would split its shares 4-for-1. Although the decision wouldn't have seemed out of place as recently as a few years ago, it now is sparking a lot of discussion about whether more companies will follow suit with stock splits of their own.
Apple is no stranger to splitting its shares. It has done so on four prior occasions, as you can see below:
Source Fool.com
