Tesla and Apple set stock splits to lower share prices — then they rallied

Tesla and Apple set stock splits to lower share prices — then they rallied


It’s hard to find better-performing stocks than Tesla and Apple. Tesla, now the world’s most valuable automaker, has seen its share price multiply eight times since this time last year, from $224 to beyond $1,800, while Apple’s more than doubled to $458. And so, in a bid to make individual shares more affordable, both tech giants announced they’d be “splitting” their stocks later this month. But, traders have recently pumped both companies’ shares; Tesla’s stock surged more than 30% in the six days following its split reveal, and Apple’s is up 24%. As a result, Tesla added $85.8 billion to its market value while Apple’s grew…

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