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  [email protected]

We are Errante. Trading made personal

Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union. 

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

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.50% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.

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