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Apple Stock Splits 7-for-1, Opens at $92 With All-Time High Just Over $100

This morning, Apple's stock underwent a 7-for-1 split (http://www.macrumors.com/2014/04/23/q2-2014-apple-earnings/), awarding 6 additional shares to each shareholder of record at 5PM PDT on Friday. Simultaneously, the price of the stock has been divided by 7 and should open around $92 after closing on Friday at $645.
 
 Apple's all-time high stock price, reached in September 2012 (http://www.macrumors.com/2012/09/17/apples-stock-price-breaks-through-700-sets-new-all-time-records-for-price-and-market-cap/), is $705 or $100.72 post-split.
 
 (http://cdn.macrumors.com/article-new/2014/06/aaplshare.jpg)
 Apple's stock has split on three previous occasions, on a 2-for-1 basis, in 1987, 2000 and 2005 (http://www.macrumors.com/2005/02/11/apple-announces-stock-split/). Apple has said that it wanted to make its stock "more accessible" to a wider variety of customers, but Apple could also be aiming for inclusion in the Dow Jones Industrial Average index. The Dow is price-weighted, meaning Apple's previous stock price of nearly $700 would have resulted in an significant reweighting of the index and a $92 would put it in the right price range (http://finance.yahoo.com/q/cp?s=%5Edji) for inclusion.
 
 As the most valuable publicly traded company in the world, with a market cap of more than $550 billion, Apple could be a logical addition for the index. It would join a number of other high-tech companies listed including Cisco, IBM, Intel, Microsoft, AT&T and Verizon.
 
 Apple went public (http://select.nytimes.com/gst/abstract.html?res=9507E4D71431E732A25750C1A9649D94619FD6CF) on December 12, 1980 for $22 per share. Accounting for its four stock splits, Apple's stock cost roughly $0.39286 per share at IPO, giving a return of roughly 23,400% over 33.5 years.
 
 
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Source: Apple Stock Splits 7-for-1, Opens at $92 With All-Time High Just Over $100 (http://www.macrumors.com/2014/06/09/apple-stock-7-1-split/)