Nanex Research
Nanex ~ 03-Sep-2014 ~ Apple's Record Days
On September 2, 2014, the stock of Apple Computer Corp (Symbol AAPL, almost $600 Billion)
hit an all time split adjusted new high: $103.74 (the stock split 7 for 1 on June 9,
2014). The very next trading day, September 3, 2014, there were 2 new records for trading during a single
regular session (9:30 to 16:00) in Apple stock: most trades and highest volume.1. Trades per day hit a new high, over 632 thousand..
2. Shares per day also hit a new high, over 120 million ..
3. But total dollar value of stock traded did not, because the of the recent 7 for
1 stock split which makes each share worth 7 times less than before the split.
4. The average number of shares per trade was affected by two events, reporting
of odd-lots to the SIP and a 7 for 1 stock split.
5. Average Value of a Trade is significantly lower.
Nanex Research
Inquiries: pr@nanex.net