Monday is a big day for smaller shares of big companies.
Apple Inc. AAPL, 3.16% begins trading on a lower cost per share. That’s because it enacted the four-to-one stock split to become “more accessible to a broader base of investors,” the company announced after a knockout third-quarter earnings report.
The same goes for Tesla TSLA, 8.85%. The electric car maker said it is splitting its own stock five-to-one to “make stock ownership more accessible to employees and investors.” It also starts trading Monday on a split-adjusted basis.
