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Stock splits for Apple and Tesla are coming. Here is what you need to know.
Stock splits for Apple and Tesla are coming. Here is what you need to know.
On July 30, 2020, Apple announced in its fiscal third-quarter earnings that the Board of Directors has approved a 4-for-1 stock split.
A 4-for-1 split means that three additional shares of stock are issued for each share in existence on the Record Date of August 24, 2020. Trading will begin on a split-adjusted basis on August 31, 2020.
Less than two weeks after Apple’s announcement, Tesla announced on August 11 that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors.
Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will also begin on a stock split-adjusted basis on August 31, 2020.
What is a stock split
A stock split is a corporate action in which a company increases the number of its outstanding shares by dividing the company's outstanding shares into a larger number of shares.
Splits are a change in the number of outstanding shares of a company’s stock without a change in shareholders' ownership percentage in the company. At the same time, the market capitalization (and the value of the company) does not change as well.
Reasons for stock splits
The primary reason why companies decide for a stock split is to increase the liquidity of the shares in stock the market.
As stated by Tesla, stock splits could make stock ownership more accessible to employees and investors, which will lead to the increase of liquidity.
Sometimes, stock splits may have a positive effect on stock prices because they allow more individual investors to buy a stock. However, in the long term, a company’s financial results and future prospects are the deciding factors of its stock price.
Holdings changes of Apple and Tesla’s stockholders
If you bought Apple or Tesla shares before the market opens on August 31, 2020, your account will automatically complete the stock splits before the market opens on August 31, 2020.
You do not need to make any actions, and Futu Inc will not charge any fees.
Changes | AAPL(1:4)Stock Splits | TSLA(1:5)Stock Splits |
Stock Price | A quarter | One fifth |
Stock Holdings (Shares) | Four times | Five times |
Here’s an example:
Let’s assume that as of the Record Date (August 24, 2020) an investor owns 100 shares of Apple common stock and that the market price of Apple stock is $400 per share, so that the investment in Apple is worth $40,000.
Let’s also assume that Apple’s stock price doesn’t move up or down between the Record Date and the time the split actually takes place.
Immediately after the split, the investor would own 400 shares of Apple stock, but the market price would be $100 per share instead of $400 per share.
The investor’s total investment value in Apple would remain the same at $40,000 until the stock price moves up or down.
Holdings changes of Apple and Tesla’s option holders
If you bought options of Apple or Tesla stocks prior to the market opening on August 31, 2020, your option contracts will be subject to the following rules:
Changes | AAPL(1:4) | TSLA(1:5) |
Strike Price | A quarter | One fifth |
Contract Size | Unchanged | Unchanged |
Contract Holdings(Numbers) | Four times | Five times |
Here’s an example:
Let’s assume that as of the Record Date (August 21, 2020) an investor owns an AAPL call option AAPL200925C600000 with a strike price of $600.
After the stock splits, the investor will own four AAPL call options AAPL200925C150000 with the strike price adjusted to $150.
Will your trading be affected on stock splits day?
All investors should notice that Apple and Tesla will be prohibited to trade by Futu Inc during the process of stock splits. It is expected that the processing will be completed and the trading will be reopened before the market opening on August 31, 2020.
(Note: The final completion time may be delayed due to the effect of upper cooperation partners, please check the relevant announcement on the stock page for a real time notice).
Editor: Debby
On July 30, 2020, Apple announced in its fiscal third-quarter earnings that the Board of Directors has approved a 4-for-1 stock split.
2020年7月30日,蘋果公司在其第三財季財報中宣佈,董事會已經批准了1:4的股票拆分。
A 4-for-1 split means that three additional shares of stock are issued for each share in existence on the Record Date of August 24, 2020. Trading will begin on a split-adjusted basis on August 31, 2020.
4比1的拆分意味着在2020年8月24日的記錄日期,每存在一股股票就會額外發行三股股票。交易將於2020年8月31日在拆分調整的基礎上開始。
Less than two weeks after Apple’s announcement, Tesla announced on August 11 that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors.
在蘋果宣佈這一消息不到兩週後,特斯拉於8月11日宣佈,董事會已批准並宣佈五送一拆分以股票股息的形式出售特斯拉的普通股讓員工和投資者更容易獲得股權。
Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will also begin on a stock split-adjusted basis on August 31, 2020.
2020年8月21日登記在冊的每位股東將獲得每股當時持有的股票額外4股普通股的股息,將在2020年8月28日收盤後分配。交易還將於2020年8月31日在股票拆分調整的基礎上開始。
What is a stock split
什麼是股票拆分
A stock split is a corporate action in which a company increases the number of its outstanding shares by dividing the company's outstanding shares into a larger number of shares.
股票拆分是一種公司行為,公司通過將公司的流通股分成更多的股份來增加其流通股的數量。
Splits are a change in the number of outstanding shares of a company’s stock without a change in shareholders' ownership percentage in the company. At the same time, the market capitalization (and the value of the company) does not change as well.
拆分是一家公司股票流通股數量的變化股東在公司的持股比例不變。同時,市值(和公司價值)也不變。
Reasons for stock splits
股票拆分的原因
The primary reason why companies decide for a stock split is to increase the liquidity of the shares in stock the market.
公司決定拆分股票的主要原因是為了增加股票市場上股票的流動性。
As stated by Tesla, stock splits could make stock ownership more accessible to employees and investors, which will lead to the increase of liquidity.
正如特斯拉所説,股票拆分可以讓員工和投資者更容易獲得股權,這將導致流動性的增加。
Sometimes, stock splits may have a positive effect on stock prices because they allow more individual investors to buy a stock. However, in the long term, a company’s financial results and future prospects are the deciding factors of its stock price.
有時,股票拆分可能會對股價產生積極影響,因為它們允許更多的個人投資者購買一隻股票。然而,從長遠來看,一家公司的財務業績和未來前景是其股價的決定因素。
Holdings changes of Apple and Tesla’s stockholders
蘋果和特斯拉股東的持股變動
If you bought Apple or Tesla shares before the market opens on August 31, 2020, your account will automatically complete the stock splits before the market opens on August 31, 2020.
如果你在2020年8月31日開盤前購買了蘋果或特斯拉的股票,你的賬户將在2020年8月31日開盤前自動完成股票拆分。
You do not need to make any actions, and Futu Inc will not charge any fees.
您不需要採取任何行動,富途公司也不會收取任何費用。
Changes | AAPL(1:4)Stock Splits |
TSLA(1:5)Stock Splits |
Stock Price |
A quarter |
One fifth |
Stock Holdings (Shares) |
Four times |
Five times |
變化 | AAPL(1:4)股票拆分 |
TSLA(1:5)股票拆分 |
股價 |
25美分 |
五分之一 |
股票控股(股份) |
四次 |
五次 |
Here’s an example:
這裏有一個例子:
Let’s assume that as of the Record Date (August 24, 2020) an investor owns 100 shares of Apple common stock and that the market price of Apple stock is $400 per share, so that the investment in Apple is worth $40,000.
Let’s also assume that Apple’s stock price doesn’t move up or down between the Record Date and the time the split actually takes place.
Immediately after the split, the investor would own 400 shares of Apple stock, but the market price would be $100 per share instead of $400 per share.
The investor’s total investment value in Apple would remain the same at $40,000 until the stock price moves up or down.
讓我們假設截至記錄日期(2020年8月24日),投資者擁有100股蘋果普通股的價格,蘋果股票的市場價格是每股400美元,所以對蘋果的投資是值得的$40,000.
我們還假設蘋果的股價在創紀錄的日期和實際拆分的時間之間沒有上下波動。
拆分後,投資者將立即擁有400股蘋果股票的價格,但市場價格將是$100而不是每股400美元。
投資者在蘋果的總投資價值將保持在40,000美元不變,直到股價上漲或下跌。
Holdings changes of Apple and Tesla’s option holders
蘋果和特斯拉期權持有人的持股變動
If you bought options of Apple or Tesla stocks prior to the market opening on August 31, 2020, your option contracts will be subject to the following rules:
如果您在2020年8月31日開市前購買了蘋果或特斯拉股票的期權,您的期權合約將遵守以下規則:
Changes | AAPL(1:4) |
TSLA(1:5) |
Strike Price |
A quarter |
One fifth |
Contract Size |
Unchanged |
Unchanged |
Contract Holdings(Numbers) |
Four times |
Five times |
變化 | 蘋果(1:4) |
TSLA(1:5) |
執行價 |
25美分 |
五分之一 |
合同規模 |
未變 |
未變 |
合同控股(編號) |
四次 |
五次 |
Here’s an example:
這裏有一個例子:
Let’s assume that as of the Record Date (August 21, 2020) an investor owns an AAPL call option AAPL200925C600000 with a strike price of $600.
After the stock splits, the investor will own four AAPL call options AAPL200925C150000 with the strike price adjusted to $150.
讓我們假設截至記錄日期(2020年8月21日),投資者擁有AAPL看漲期權AAPL200925C600000執行價為$600.
股票拆分後,投資者將擁有四個AAPL呼叫選項AAPL200925C150000,執行價調整為 $150.
Will your trading be affected on stock splits day?
你的交易會在股票拆分日受到影響嗎?
All investors should notice that Apple and Tesla will be prohibited to trade by Futu Inc during the process of stock splits. It is expected that the processing will be completed and the trading will be reopened before the market opening on August 31, 2020.
所有投資者都應該注意到,蘋果和特斯拉將被富途公司禁止在股票拆分過程中進行交易。預計2020年8月31日開市前完成處理,重新開市交易。
(Note: The final completion time may be delayed due to the effect of upper cooperation partners, please check the relevant announcement on the stock page for a real time notice).
(注:由於上層合作伙伴的影響,最終完成時間可能會推遲,請查看股票頁面的相關公告進行實時通知)。
For more:
有關更多信息,請訪問:
Editor: Debby
編輯:黛比
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在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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