Apple Inc. said Thursday it will promote a 4-for-1 stock, essentially giving investors three more shares for each that they own.
Since they were almost granted to most firms when their shares exceeded $ 100 or so, the company’s stock splits in the S&P 500 faded from prominence after the 2000 dot-com bust. . They are even rarer among companies in the Dow Jones Industrial Average. Apple is a component of both.