Quote:
Originally Posted by barrrf
So if I understand this correctly - If I owned 1 share of Apple at $100 after the split I would then own 7 shares @ $14.29?
Meaning if said share value changes by $1 then I'll be making/losing $7 vs the $1 I would've made/lost if the split didn't happen?
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CORRECT.
You'll get 7 shares for every one you owned --- but of course, you'd also divide the current price by 7
On MONDAY they'll begin to trade at the new split adjusted price.
Will be interesting to see if people BUY because it's now "affordable" -- or if the current holders SELL because now they have 7 times as many shares.
We need more buyers than sellers... it's just real simple that way. :>)