For more business and finance explainers, check out our Yahoo U page.
For the fifth time in its history, Apple (AAPL) will split its stock. Alongside its earnings report for the third quarter of 2020, Apple announced plans for a 4 to 1 stock split, effective Aug. 24. Shares of Apple were trading close to $420 as of July 31.
Stock splits have little fundamental effect on the company itself, but the financial maneuver allows companies to capitalize off of a rising stock price by increasing…