Sep 1, 2020

Apple and Tesla split stocks to attract smaller investors

Tesla
Apple
stock market
covid-19
William Smith
2 min
Technology giants Apple and Tesla have both split their stocks, reducing their price while increasing the number to compensate
Technology giants Apple and Tesla have both split their stocks, reducing their price while increasing the number to compensate...

Technology giants Apple and Tesla have both split their stocks, reducing their price while increasing the number to compensate.

The company’s overall value remains the same, with the practice of stock splitting meaning that, while the price of an individual share is lowered, the additional shares issued make up for the fact. An investor holding shares already will accordingly find themselves with more shares that are worth less.

Apple split its stock on a four-for-one basis, while Tesla chose a five-for-one stock split.

Both companies expressed the rationale for the move as being to broaden their base of investors. While it is possible to buy fractional shares, the process is more complicated and not as well supported as buying a single share, hence why the split has taken place.

In Tesla’s case, it also claimed to want to “make stock ownership more accessible to employees”.

The context for the move is the seemingly never ending (for now) upwards march of the US stock market, which is widely agreed to not reflect the wider economic situation - with huge problems caused by the ongoing COVID-19 pandemic. While some fear a bubble, others have suggested the market has become crash proof.

The splits also make the stocks more accessible to small, amateur investors using fintech trading apps such as Robinhood, the downtime of which on the day of the splits making headlines.

According to Reuters, in the gap between the announcement of the split and it occurring, Tesla’s stock grew by 70%, while Apple’s was up 30%. Accounting for an increase in share price after the split, Tesla’s price went from over $2,000 per share to $500, while Apple went from over $500 to $129.

Apple recently became the first US company to achieve a $2trn valuation on the stock market, bouncing back after being initially hard hit by COVID-19.

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Jul 30, 2021

The Ultimate Enterprise Technology & AI & Cyber LIVE Event

Technology
AI
cyber
live
3 min
New speakers announced for Technology & AI & Cyber LIVE Event, where innovation meets implementation, coming to you live from London

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Technology and AI Live is happening in the Tobacco Dock in London, a ten-minute walk from Tower Bridge. For more information on the location, click here

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Sunil Ramakrishnan

Vice President at CGI

Sunil has over 20 years of experience in consulting and helping energy and oil and gas clients transform into digital and sustainability leaders. He has also helped organisations across the energy, oil and gas, chemicals, renewables, and manufacturing industries realise business value from their investments using cloud, artificial/augmented intelligence, data science, internet of things, industry 4.0, robotic process automation, cybersecurity, and hyper-automation.

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Lauren Barrett Knausenberger 

Chief Information Officer at Department of the Air Force

Lauren Barrett Knausenberger is the Chief Information Officer for the Department of the Air Force, including the U.S. Air Force and U.S. Space Force. She leads two directorates and supports 20,000 cyber operations, and supports personnel around the globe with a portfolio valued at $17 billion. 

She provides oversight of the Air Force’s Information Technology portfolio, including the Information Technology investment strategy from networks to cloud computing, Enterprise policies, information resources management, IT innovation initiatives, information assurance, and related matters for the Department of the Air Force. 

 

Keri Gilder

CEO at Colt Technology Services

Appointed CEO in May 2020, Keri is responsible for executing Colt’s strategy, which centres around transforming the way the world works through the power of connectivity. Before becoming CEO, Keri was Colt’s Chief Commercial Officer (CCO), leading global teams across sales, presales and marketing. Passionate about promoting Inclusion and Diversity, she also leads Colt’s Diversity Council to ensure Colt is a business where everyone feels they can bring their true selves to work. We look forward to hearing her insights. 

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