AroniSmartIntelligence™ in Action: Apple and Tesla Stocks Hit Highs and Lows; What May Come Next?
On August 29, 2020, Apple's (NASDAQ:AAPL) and Tesla (NASDAQ: TSLA) stocks remain in the record high range, when Apple price reached $504.05 and its market capitalization increased to $ 2.135 trillion. Tesla price went up to $1,993.28. This string performance happened as for Apple (AAPL) and Tesla (TSLA) were getting ready for stock splits. The 4-for-1 stock split happenned on Monday August 31, 2020.
Immediately after the splits, the stocks for both Apple and Tesla shot up, respectively hitting $137.93 and $498.32. Then, something happened. By the end of the week, on Sep 4, 2020, the prices of the stocks of the 2 companies had significantly declined. Tesla stocks went from $498.32 to $418.32 or -16%. Apple stock declined from $134.18 to $120.96, or -10%. The question is now: what happened and what is likely to happen?