Apple Inc. and Tesla Inc. shares rose to new heights Monday after their stock splits took effect, extending their meteoric rallies this year.
Apple added $4.23, or 3.4%, to $129.04 after the tech giant’s shares began trading following a 4-for-1 split, essentially giving investors three more shares for every one they owned. Tesla shares jumped $55.64, or 13%, to $498.32 after the electric-vehicle maker’s 5-for-1 split. Both stocks closed at records.
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