Will Apple's and Tesla's Stock Splits Send Them 33% Higher?
There has been some excitement in the stock market recently, as both Apple and Tesla have just split their stock -- 4-for-1 and 5-for-1, respectively. The excitement isn't exactly warranted, though, because stock splits are far less meaningful than you might think.
And don't believe everything you read about the companies and the splits, either, starting with eToro analyst Adam Vettese's suggestion that the shares may surge 33% higher post-split.
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Source Fool.com
