Dear Valued Client,
Please be advised of the upcoming Apple Inc. (AAPL) 5th stock split that is going to take place as per the following schedule:
• Ex-Date: Aug 31st, 2020. Common shares will trade at the new split-adjusted price.
Important notes of the AAPL Stock Split
● The quantity of shares of each client’s position will multiply by four.
● Post-split, the open price of each position will be adjusted, which will be the original price divided by four.
● The estimated post-split price will be 1/4th of the closing price on 28th of August.
● All pending orders at the time of the split (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit) will be deleted.
• All open and pending Demo account AAPL orders will be deleted as a result of the stock split.
• Stop Loss and Take Profit set on all AAPL open position will be DELETED.