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What happened to Apple becoming a trillion dollar company?
- Thread starter Mildredop
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1/7 split. Multiply by 7 to compare with the shares from a few years ago. (correct me if I'm wrong!)
Each share you owned was converted to 7 shares.
Apple Stock Splits 7-for-1, Opens at $92 With All-Time High Just Over $100
Apple like a number of other companies will split their shares to adjust the price. In Apple's case they went with a 1/7 split so if you owned a single share before the split, you now own 7. The price then goes down to what amounts to a 7th of the original price, or at least it starts off that way and since then it fluctuates.
I bought stock for the first time in my life (in fact, the first "risky" investment) this year at $167 a share, when they took a dive.
When Carl Icahn sold his stock, Apple was a $96, 28 April 2016, God, I wish I had money to invest back then.
https://www.macrumors.com/2016/04/28/carl-icahn-dumps-apple-shares/
Read the comments.
Hindsight is 20/20. Just because they're a trillion dollar company now doesn't mean they don't have space to grow further. In fact, by all metrics, the Apple stock still looks relatively cheap - something you don't find often in tech companies these days.
Not saying otherwise.
Currently, I would buy AAPL until they hit 1.5 trillion.
Wouldn't buy any tech stock, too god damn expensive, future very flimsy for all of them.