Effect of Stock Splits on Adjusted Floor Price
This week, a reader of “Choose Stocks Wisely,” wrote me and offered a great suggestion for the post I’m doing today. He brought to my attention the 7 for 1 stock split recently accomplished by Apple, Inc. (symbol AAPL). APPL had traded well over $600 per share before the split of June 9th but since has traded below $100 a share, reflecting the split.
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