Apple on Thursday replaced AT&T on the Dow Jones Industrial Average list. There were multiple reasons behind Apple’s inclusion in the Dow Jones, including its 7-for-1 stock split, which was announced by the company last year.
Additionally, Visa’s 4-for-1 stock split, which also became effective today, played a part in Apple’s inclusion in the list. The post split price of Visa’s shares reduced the weighting of the Dow Jones Information Technology sector, which was offset by replacing AT&T — who had among the lowest prices in Dow Jones — with Apple.
Shares of Apple (AAPL) opened at $129 on Nasdaq today.
[Via Apple Insider[1]]
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Categories: Apple News[2]
References
^ Apple Insider (appleinsider.com)
^ Apple News (www.iphonehacks.com)
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