Tomorrow is technically the last day to buy Apple and Tesla stock before the stock split.
Even though the official record dates for splits are far from over, you can still buy Apple and Tesla stock and be eligible to get SPLIT stock.
Apple is splitting its stock 4-for-1 starting Monday, August 31. Based on today’s closing price, Apple should be trading at 1/4 of its price, at around $125 per share on a split basis.
Likewise for TESLA, from Monday August 31, Tesla will trade at 1/5th of its stock price. The current market price of Tesla stock is around $2,250. So on Monday, Tesla is expected to trade at around $450 per share.
Remember that there is still one day of trading left, which is tomorrow. Prices will therefore fluctuate more.
Another important thing to note: For Apple and Tesla stocks, starting tomorrow and continuing through Monday morning, no after-market or pre-market trading will be allowed. This is due to the splits they undergo.
This leaves you with one last opportunity tomorrow to buy the shares before the split and get the additional shares. So think and decide whether you want to buy the shares before the split or on Monday trading day at a lower price. Either way, it makes no real difference unless stocks skyrocket due to falling prices.
If you already own Apple or Tesla stock, look for the stock settlement date in your brokerage transaction history details. You should receive the additional split shares by September 3.
Quick summary of these two stock market performances:
Apple stock performance over the past 5 years:
Tesla stock performance over the past year:
Whatever choice you make, whether you want to invest before or after the split, please hold these stocks longer to see the real gains.
Finally, these two tech companies have huge upside potential to double or triple your money over the next 5 years at least.
That’s all for this article. Thanks for reading!
