Apple, Tesla bid up ahead of share split open

The high-flying shares of Apple Inc and Tesla Inc gained more ground on Monday, ahead of their first official trading following a split into ...

REUTERS: The high-flying shares of Apple and Tesla gained more ground on Monday , ahead of their first official trading following a split into smaller portions that makes it easier for retail investors to own the shares.

Shares of the Cupertino-California-based company, which have rallied nearly 30 per cent since it announced its surprise 4-for-1 stock split and blockbuster quarterly results on Jul 30, were priced at US$126.56, up 1.4 per cent when compared to Friday's split-adjusted close, in pre-market trade. Tesla's stock has surged more than five-fold this year, while shares of General Motors Co and Ford Motor Co declined on fallout from the COVID-19 pandemic.

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