Tesla and Apple rocked the finance world when they announced plans to split their shares within weeks of each other. This August, investors will have a golden opportunity to claim their shares in the world's most robust and exciting tech companies. Traders shouldn't miss this chance to strengthen their portfolio, and Libertex clients will be able to snap up these shares at unbeatable prices.
On 30 July, Apple (AAPL) announced a 4-for-1 stock split that will take effect on 31 August. During the week following the announcement, which was made after the close of regular trade, shares of the premium tech company shot up almost 20%, from $384.76 to $460.
Earlier this week, Tesla (TSLA) said it would complete a 5-for-1 stock split by 31 August, with the intention of making its shares more accessible to retail investors. Shares in the electric vehicle maker also skyrocketed in response.
Stock splits were once a popular technique among companies on Wall Street looking to make their share prices more enticing to average investors. Stock splits divide each share into equal parts, making more shares available at a more affordable price. For example, in the case of Apple's 4-for-1 split, on 24 August, investors will receive three additional shares for every one share they owned, while the stock price would be divided by four, thus valuing each at $100.
For the average investor, this creates a great opportunity to grab a slice of companies that were previously priced out of their range. And, in the long term, holding more shares can lead to even more profits as they all gain value in tandem. If Apple's stock climbs up to say, $700, you're better off holding four shares as opposed to just one.
Stake your claim in the future of technology
Perhaps you've been watching Apple climb to dominance ever since Steve Jobs' comeback and the generation-defining advent of the iPhone. You just didn't get your chance for a bite of the Apple at the time. Or maybe you've thought about investing in Elon Musk's company because you've seen how even established auto brands are adopting electric vehicles thanks to the trailblazing Tesla showing that electric cars can be effective, attractive, and marketable. Libertex offers an exciting opportunity to invest cheaply in one or both of these companies. Even if you're sceptical about them, because we offer both long and short positions, you can still profit from the splits if you predict prices will fall.
So, if you're ready to invest in the world-leading tech of the future, Libertex has an unmissable limited-time deal for you. From 24 August, we will be lowering commission on both Apple and Tesla stock by a whopping up to 30% for all Libertex traders for just one week. That's a significant discount on our commission rate, which is already among the lowest in the industry, going down from 0.02% to 0.014% for the duration of the promotion.
With affordable shares in the most coveted tech companies up for grabs, at the lowest commissions on the market, there has never been a better time to get into trading. For the best possible start, register with Libertex now and take advantage of this historic deal!
