4 ms·
Why? My understanding was that the only reason Apple and Google did stock splits was that they wanted to get onto the Dow Jones Industrial Average which is (stu
by pilom 9y ago
Why? My understanding was that the only reason Apple and Google did stock splits was that they wanted to get onto the Dow Jones Industrial Average which is (stupidly) price weighted and not market cap weighted so without the split, they would have been a much larger portion of the Dow.
- mandeepj 9y agoTo make it affordable and easier for more people to buy their stock. This is always the biggest reason for split. Will an average person invest in a stock which is trading at $2k per share? Nope.
- nemo44x 9y agoThe average person is probably invested in their stock through a variety of ETF's.