Scalper1 News
Apple investors didn’t split after Apple’s 7-for-1 stock split. The split-adjusted stock began trading on Monday, with Apple (AAPL) stock up more than 1%, above 93, in midday trading on the stock market. Apple stock is up 24% since April 23, when the company announced the stock split along with an expanded stock buyback plan, a dividend increase and better-than-expected fiscal Q2 earnings. Apple is now just 8% below its all-time, split-adjusted high of 100.75, reached on Sept. 21, 2012. “We believe Apple shares have benefited from strong investor sentiment driven by broader market trends and the prospect of positive news flow expected over the coming quarter, of which the share split, in our opinion, was one,” Wells Fargo Securities analyst Maynard Um said in a research note Monday. He rates Apple stock as market perform. Apple faces limited growth in its current markets and will see profit… Scalper1 News
Scalper1 News