The last five days has been characterized by a beehive of activities in the various stock markets in the country. Many publically traded companies have implemented strategies that make their stocks marketable despite the economic difficulties brought about by the Covid-19 pandemic. An outlook at the five-day trend in the stocks for Apple Inc., Tesla Inc., Kensington Capital Acquisition Corp. and eBay Inc. provides a brief overview of some of the activities that marked the stock market during the period.
Apple Inc. witnessed massive changes in stock prices over the last five days. Following the 4:1 stock split that the company announced on August 28 and effected on September 1st, the prices of Apple’s stocks dipped from slightly above $500 per share to a low of about $125 ( Apple Inc. (AAPL) . (n.d.) . The days succeeding the stock split has seen the company’s stock prices oscillate between a low of $120.50 on September 3 rd and a high of $134.80 on 1 st of the same month.
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Tesla Inc. has a near similar story as Apple Inc. of its stocks in the five-day period between August 28 and September 3 rd . A 5:1 stock split saw the company’s stock dip to around $500 per share. The split made the company’s stock cheaper by nearly $1800, making them more affordable to ordinary investors. The days succeeding the stock split has been characterized by a wavy and unsteady share prices oscillating between $502.49 and $402.00 on September 1 st and 3 rd respectively ( Tesla, Inc. (TSLA) . (n.d.) . As a result, Tesla’s experienced some of the highest changes in stock prices during this period.
Kensington’s and eBay’s stock prices, unlike Tesla’s and Apple’s, have remained relatively stable during the last five days. Kensington, for example, has traded its stock at an average price of $9.90 lest for the exponential rise on September 3 rd which saw its shares selling for a high of $18.98, a near 100% rise in one day ( Kensington Capital Acquisition (KCAC). (n.d.) . eBay Inc., on the other hand, has had its shared traded for an average of around $54.50 with a high of $55.42 and a low of $53.37 on September 3 rd and 1 st respectively ( EBay Inc. (EBAY) . (n.d.) . Also, eBay Inc. paid dividends at a rate of $0.16 per share during the same time span.
From the above analysis, it is evident that a more general trend cannot be deduced from the stock behavior during the given period of time. While Apple Inc. and Tesla Inc. had stock splits that made the share prices to drop significantly, Kensington and eBay had relatively stable stock prices.
References
Apple Inc. (AAPL) . (n.d.). Yahoo Finance - Stock Market Live, Quotes, Business & Finance News. https://finance.yahoo.com/quote/AAPL/history?p=AAPL
EBay Inc. (EBAY) . (n.d.). Yahoo Finance - Stock Market Live, Quotes, Business & Finance News. https://finance.yahoo.com/quote/EBAY/history?p=EBAY
Kensington Capital Acquisition (KCAC) stock historical prices & data . (n.d.). Yahoo Finance - Stock Market Live, Quotes, Business & Finance News. https://finance.yahoo.com/quote/KCAC/history?p=KCAC
Tesla, Inc. (TSLA) . (n.d.). Yahoo Finance - Stock Market Live, Quotes, Business & Finance News. https://finance.yahoo.com/quote/TSLA/history?p=TSLA
