Tesla and Apple Plan to Split Their Stocks. Here’s What History Says Happens Next.
Business news

Tesla, after Tuesday’s close, announced plans for a 5-for-1 stock split to occur on Aug. 31. Apple, meanwhile, announced on July 31 that it would split its stock, with shareholders get four shares for every one they own. The market is rewarding those announcements: Tesla’s stock gained 13% to $1,564.76 on Wednesday, while Apple has climbed 17% since its announcement, one that coincided with a blockbuster earnings report.

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