Apple, Tesla jump as stock splits take effect


Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City.

Taylor Hill | Getty Images

Shares of Apple and Tesla rose sharply on Monday, the first day after their recently announced stock splits took effect, as investors continued to pile into the popular names.

Apple advanced 4% and was the best-performing component in the Dow Jones Industrial Average. Tesla, meanwhile, jumped around 10%.

Monday’s gains are just the latest in a string of strong performances since the two companies announced they would be splitting their stocks.

Apple said July 30 its board approved a 4-for-1 stock split. Since then,…


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