CMTrading Daily

Oil has been a stalwart of the trading world for decades, propelling oil-producing nations to incredible wealth and prosperity. In 2020 however, investors have viewed with horror as COVID19 triggered the “big oil drain”, devastating global markets.

Tech giant Apple (AAPL) announced in July that it will split its stock later August 2020. It plans a 4-for-1 split for August 31, which would, if you hypothetically trading on August 13, reduce the stock price from $452.04 to $113.01 per share. Essentially, one stock in Apple will be worth four after the split.