At what point is collision insurance not worth it?
Apple has undergone five stock splits in its history: a 2-for-1 split in 1987, a 2-for-1 split in 2000, a 2-for-1 split in 2005, a 7-for-1 split in 2014, and a 4-for-1 split in 2020. In the 2014 split, the stock price was approximately $700 per share before the adjustment. In the 2020 split, the price was approximately $500 per share. These splits are calculated to make the stock price more accessible to a wider range of investors, and they do not change the underlying market capitalization of the company; they simply increase the number of outstanding shares held by investors while proportionally reducing the price of each individual share.
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