Apple Stock Split Fuels Retail-Trader Bets on Further Gains
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The iPhone maker’s quarterly report last week crushed Wall Street expectations amid pandemic demand for its products.
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The company announced a four-for-one split for later this month to make its stock more accessible. The shares have risen six straight days, gaining about 18% in that time, and closed Wednesday at $440.25.
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More than 82,000 users of the U.S. investing app Robinhood added Apple to their accounts in some form over the past week, according to website Robintrack.net.
Submitted August 07, 2020 at 04:06PM by sierratrading https://ift.tt/2Xz8p27
