Apple and Tesla Stock Split
Apple and Tesla have both announced they will carry out stock splits on Monday 31 August 2020 making it easier and cheaper for retail clients to trade.
Apple is splitting its shares four-for-one. This means there will be four times as many shares circulating, at a quarter of their previous value
Tesla is splitting its shares five-for-one. This means there will be five times as many shares circulating, at a fifth of their previous value
To help you benefit from this stock split, we’re offering active investors the opportunity to buy and sell US shares with zero commission to pay.*
How will my existing positions be affected?
If you hold a position in either company at close of business on 28 August, you’ll be affected by the stock split. We’ll make the necessary changes to your open positions and holdings before the markets open on 31 August. You won’t need to do anything.
Plus, if you have a working order to open at close of business on 28 August, we’ll cancel it. You’ll be able to reopen it manually when the markets open again.
If you have any questions please comment below or reach out to our helpline.
All the best