June 21, 2000: Apple Splits

Riding the success of the iMac and the internet bubble Apple's stock was way up from the lows of the nineties. In fact, the stock price was in the low 's 100's when it came time to proceed with an announced stock split.

Everyone who went to bed the night before with Apple stock woke up the next morning wit double the shares though the price was slashed exactly in half. Apple couldn't keep the momentum going and shortly after the split the stock took a pounding. Apple wouldn't see a comparable valuation for the next five years

The second of Apple's three stock splits since going public occurred on June 21, 2000.