AAPL - Stock Market Curveball: Apple IBM and Netflix Just Split Their Stocks but It's Not What You Think
2024-01-27 03:17:00 ET
I subscribe to a plethora of stock market information services. It comes with the job, you know. Earlier this week, several of these tools sent me a whole lot of news announcements, nearly buzzing that phone out of my pocket. I was in for an eye-opening discovery.
According to these unexpected notifications, Netflix (NASDAQ: NFLX) just split its stock . Oh? Maybe they announced it in that game-changing earnings report and nobody noticed? I guess it could happen.
Wait -- International Business Machines (NYSE: IBM) did the same thing. Then there's Bank of America (NYSE: BAC) , Apple (NASDAQ: AAPL) , and Toyota Motor (NYSE: TM) , just to name a few. There's no way all of these giants could have performed stock splits in unison, like a Gregorian chant of Wall Street accounting tricks, without generating miles and miles of headlines. Besides, I couldn't find the same stock-split announcements through my usual sources, which focus on the American stock market.
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Stock Market Curveball: Apple, IBM, and Netflix Just Split Their Stocks, but It's Not What You Think