Apple has become the most valuable company

Apple has become the most valuable company

2022-12-16 • Dikemaskini

The tech giant made an announce of a 4-for-1 stock split. How will it affect the stock price?

What happened?

Apple even outperformed Saudi Arabia’s oil company Saudi Aramco and became the world’s most valuable publicly traded company. For comparison, Apple’s market value is $1.84 trillion, while Saudi Aramco’s is $1.76 trillion. Also, Apple claimed that it would split its one stock into four on August 24.

What does it mean for trader?

The split-adjusted trading will start on August 31. It means the stock will cost 4 times less than now. For instance, if the stock price is $400 on August 30, it will slump to $100 on August 31. If you trade the Dow Jones Industrial Index, be ready for the sell-off as the DJIA is price-weighted. On the flip side, the market cap weighted S&P 500 will gain, if the Apple’s value continues rising. Why did Apple do that? To make the stock more accessible for greater amount for shareholders. Indeed, lower share prices should attract more investors.

However, it’s not the reason to consider buying Apple. The real cause, which can push its price higher, is the recent earnings report. It beat all estimates. The company’s revenue surged by 11% to $59.7 billion, that was 14% higher than the estimate. At the same time, earnings per share tuned out $2.58 — 26% more than anticipated. Actually, the coronavirus quarantine didn’t damage the company’s growth. In opposite, it helped to boost IPhones, Mac and IPads sales amid stay-at-home regimes.

Technical tips

Apple has made a huge jump above the key psychological mark at $400 on Friday. It set a new record high at $425. Most analysts have bullish prospects on the tech giant. However, if the price manages to slump below $400, it will open doors towards the next support at the $372 level, which it has touched several times already.

APPLEDaily.png

TRADE NOW

Serupa

Brexit: masa hadapan GBP
Brexit: masa hadapan GBP

Brexit selesai. Apa yang akan terjadi pada ekonomi UK dan pound? Ketahui di dalam artikel kami.

Berita terkini

Deposit dengan sistem pembayaran tempatan anda

Notis pengumpulan data

FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.

Callback

Pengurus akan menghubungi anda dalam amsa terdekat

Tukar nombor

Permohonan anda telah diterima

Pengurus akan menghubungi anda dalam amsa terdekat

Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam

Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat

Masalah dalaman. Sila cuba sebentar lagi

Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!

Anda sedang menggunakan pelayar web yang versinya sudah lapuk.

Kemaskini kepada versi terkini atau cuba pelayar lain untuk penggunaan yang lebih selamat, selesa dan produktif.

Safari Chrome Firefox Opera