Tesla just announced a five for one stock split that goes into effect August 31.
On the news, shares of TSLA are now up to $1,716 and could head higher as we near the split. All in an effort to make stock ownership far more affordable for employees and investors. Buying prior to the split could be a great bet, with shares likely to balloon higher post-split on the EV boom.
Another split to watch is Apple.
Apple just declared a 4:1 stock split, and declared a cash dividend of 82 cents, payable on August 13. “This is Apple’s fifth stock split since it went public. It also split on a 7-for-1 basis on June 9, 2014; a 2-for-1 basis on February 28, 2005; a 2-for-1 basis on June 21, 2000; and on a 2-for-1 basis on June 16, 1987,” said CNBC.