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Apple and Tesla Stock Split


CharlotteIG

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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

Commission-free investing

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 

 

Place at least three trades on your share dealing account in the previous month to qualify for our best commission rates.

14 Comments


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Guest tesla fan

Posted

define active investors .. you put an asterisk behind but no further explanation. ... thanks 

Kaine987

Posted

Given that the total price of the open positions hold before the split, remains the same after the split, what does it mean exactly that positions holder will be affected ?

Mick123

Posted

Will Tesla stock price after the split rise or fall in value?

Guest Telsa Supporter

Posted

I am asking this the 2nd time.  

 

active investors the opportunity to buy and sell US shares with zero commission to pay.*

 

How to become an active investor ? 

paultee

Posted

So does a 1.0 spread bet position on Telsa automatically increase 5 fold aswell to 5.0  when the share price drops by a fifth or will I have to make that adjustment myself just before trading closes?

Guest Vin

Posted

Hi Charlottel, 

Do we need to worry about adjusting stop limits on the above company holdings. 

CharlotteIG

Posted

On 22/08/2020 at 08:37, Guest tesla fan said:

define active investors .. you put an asterisk behind but no further explanation. ... thanks 

 

On 27/08/2020 at 09:03, Guest Telsa Supporter said:

I am asking this the 2nd time.  

 

active investors the opportunity to buy and sell US shares with zero commission to pay.*

 

How to become an active investor ? 

Thank you for letting me know. Details now added. 

CharlotteIG

Posted

On 23/08/2020 at 22:10, Kaine987 said:

Given that the total price of the open positions hold before the split, remains the same after the split, what does it mean exactly that positions holder will be affected ?

You are correct the positions will be multiplied by (lets use apple as an example) 4 and the price will be divided by 4. So it will not have a profitable/ negative impact but it will have changes on your account. 

 

8 hours ago, paultee said:

So does a 1.0 spread bet position on Telsa automatically increase 5 fold aswell to 5.0  when the share price drops by a fifth or will I have to make that adjustment myself just before trading closes?

 

CharlotteIG

Posted

On 26/08/2020 at 23:54, Mick123 said:

Will Tesla stock price after the split rise or fall in value?

We have no way of knowing this, sorry :( . 

CharlotteIG

Posted

1 hour ago, Guest Vin said:

Hi Charlottel, 

Do we need to worry about adjusting stop limits on the above company holdings. 

Stops and limits will be adjusted accordingly :)   

robb9

Posted

Hi Charlottel,

Do you charge FX fee of 0.5% while this split transaction?

 

Louis_0911

Posted

Hello,
I am using the IG Simulator.

I bought 10 Apple CFD on the 25/08 for a level of  506.18$.

From your post, it seems that IG will automatically take in account the Apple Split (4/1) and change my stock from 10 to 40 right ?

However, on my IG Simulation account, I still have only 10 CFD, is that normal ?

 

Thank you,

 

Louis 

Guest Ana

Posted

Anyone has a problem with their tesla average price post split? mine says 0 which is wrong.?

 

William1415

Posted

Should the P&L in my Positions window for Tesla be over stating the profit by approx + 300%?  This error started after the stock split.

Its not reflected in the total P&L just in the Tesla row. 

 

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