On Wednesday afternoon, Apple (NASDAQ: AAPL) made a surprise announcement alongside its second-quarter results. On Aug. 24, the company will execute a 4-for-1 stock split.
Some investors may be wondering: Is the stock a buy ahead of its stock split next month? After all, more investors will be able to afford Apple stock, and shares will be more liquid since they can be bought and sold at a lower price.
While shares of Apple may be attractive today, an upcoming stock split isn’t the reason why.