The Apple Stock Split and the Tesla Stock Split
We would like to inform you that on September 31, 2020, two major corporate events will finish: the split of the Apple shares and the Tesla shares. In the case of Apple Inc., its board of directors announced a 4-to-1 share split.
In the case of Tesla Inc., the board of directors announced a 5 to 1 share split.
The split in both cases will be implemented by a proportional decrease in the share price without changing the contracts’ size. Thus, at the opening of the American session on September 31, 2020, the price format of the above shares will be reduced: for Apple Inc. 4 times, and for Tesla Inc. 5 times.
In this regard, starting from September 29, 2020 to September 30, 2020 the volume of open positions and pending orders for CFDs per APPLE share will be increased by 4 times, and the volume of open positions and pending orders for CFDs per TESLA share - by 5 times. At the same time, the share price will decrease by 4 and 5 times, respectively.
We wish you good luck trading!
The EXAProfit Team