(AAPL)‘s 4-for-1 stock split will greatly diminish its influence in the Dow Jones Industrial Average, where the iPhone maker now has the largest weighting and the greatest positive influence this year. Apple (ticker: AAPL), whose shares ended Thursday at $384.76, will drop to 18th in weighting in the index from first following the split, which is set to take place in late August. Apple now has a 10% weighting in the Dow, and that will decline to 2.7% based on share prices Thursday, according to S&P Dow Jones Indices. Read More...
(AAPL)‘s 4-for-1 stock split will greatly diminish its influence in the Dow Jones Industrial Average, where the iPhone maker now has the largest weighting and the greatest positive influence this year. Apple (ticker: AAPL), whose shares ended Thursday at $384.76, will drop to 18th in weighting in the index from first following the split, which is set to take place in late August. Apple now has a 10% weighting in the Dow, and that will decline to 2.7% based on share prices Thursday, according to S&P Dow Jones Indices.
Add Comment