News

August 2020 25

On August 31, 2020, AAPL and TSLA stock trading positions will be adjusted

Dear TeleTrade Customers!

The below developments have taken place in July and August of 2020.

On July 30th Apple Inc. (AAPL) announced a 4-for-1 stock split. Therefore:

  • each share will be converted to four while the market price per share will be reduced to a quarter of the price prior to the split;
  • the above adjustment will apply to trading from August 31st

On August 11th Tesla Inc. (TSLA) announced a 5-for-1 stock split. Therefore:

  • each share will be converted to five while the market price per share will be reduced to one-fifth of the price prior to the split;
  • the above adjustment will apply to trading from August 31st

Any positions open with the above instruments will be adjusted accordingly.

Any pending orders (buy stop, buy limit, sell stop, sell limit, buy stop limit, sell stop limit) or stop loss / take profit levels set on open orders you may have will be deleted.

Do not hesitate to contact us if you have any questions.

TeleTrade Support Team