Because with the new digital investing it does not matter if you buy one stock or 250.
Shares opened at $22 but rose to $29, making Apple's value $1.2 billion. Jobs was the company's leading shareholder, with 15 percent of the stock. His shares were soon worth $239 million.
No, the federal securities act did not regulate the selling of stock on the stock market. :)
AVERAGE STOCK LEVEL:the stock level indicates the average stock held by the concern.it is calculated with the help of following formula.average stock level=minimumstocklevel+1/2(reorderingquantity)
New York Stock Exchange (NYSE), Philadelphia Stock Exchange, Pacific Stock Exchange, Boston Stock Exchange, Cincinnati Stock Exchange, Midwest Stock Exchange, Chicago Board of Trade (CBT), Chicago Mercantile Exchange (CME),
Normally, when you buy stock, you buy that stock in a company that is run by a specific person or persons. However in a joint stock company, the owner is the shareholders.
Apple stock is traded as AAPL.
Apple's initial public offering was on December 12, 1980. The stock opened at $22.00 per share. The stock has split three times since the IPO so, on a split-adjusted basis, the IPO price was $2.75. The stock has gone up 10,000% in 30 years.
NASDAQ stock market.
yes
Apple's stock symbol is "AAPL" and is traded on NASDAQ.
Stock splits occur when trading in the stock has been curtailed by the stock being overpriced. There's no set dollar value where stocks have to split--Apple is a $400 stock but it still trades well, so they're not splitting it yet. OTOH, I've seen splits happen at $80.
I suggest eTrade, but there are a number of stock trade websites.
Quite expensive, about $1900.
Avaya stock did not split.
Apple has declared three 2 for 1 splits throughout its publicly traded life. June of 1987, June of 2000, and February of 2005. A 2 for 1 stock split is accomplished by doubling the amount of shares outstanding and reducing the price per share by one half. While stock splits do not change the fundamentals of a corporation, it may allow investors who deem a certain price per share as out of their desirable range an incentive to engage in ownership. Apple currently trades around $230 per share (as of March 2010). A 2 for 1 split would reduce the price per share to $115 while doubling the amount of shares outstanding. Therefore investors who currently own the stock would not be effected. The new $115 price per share (which has created no additional value in the company) may now attract more investors. Recently there have been rumors that Apple will perform another stock split. Apple has refuted the statements as incorrect.
240/3= 80. 80 times 5 is 400.
$1.375 on July 8 1982