Great news for Apple share holders today, Apple Computer announced a two-for-one stock split Friday.
“Investors who hold Apple shares as of Feb. 18 will receive one additional share of stock for every share of Apple they own. The stock will begin trading on a split-adjusted basis starting Feb. 28.
Apple’s stock, which earlier this month rose to a new 52-week high of $81.99, has been on a tear in the past year, rising fourfold. To attract new investors, companies often split their stock if it reaches a certain level, even though the move does not change the actual ratio of what they are paying for the stock. “
Found VIA HardOCP
