Upcoming Apple & Tesla Stock Split — 31st August 2020

Upcoming Apple & Tesla Stock Split — 31st August 2020

Apple & Tesla

Apple and Tesla companies will be splitting their shares on the 31st of August 2020. We would like to inform you that your trading will not be affected. 

Apple Inc. (AAPL) recently announced a 4-for-1 stock split meaning 1 share will be split into 4. Tesla Inc. (TSLA) recently announced a 5-for-1 stock split meaning 1 share will be split into 5.  

The stock split happens automatically in your account and you are not required to do anything. Errante does not charge a fee for this type of a stock split. 

What Will Happen?

  • All pending orders (Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss, and Take Profit) in AAPL and TSLA will be cancelled. 
  • For positions in AAPL, the opening price will be divided by 4. 
  • The volume of each open position in AAPL will be multiplied by 4. 
  • For positions in TSLA, the opening price will be divided by 5. 
  • The volume of each open position in TSLA will be multiplied by 5. 

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.com

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Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [SD038]. 

To find out more about Errante, visit https://errante.com/

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