The 7:1 split Apple AAPL announced in April took effect Monday for shareholders of record as of June 2.
The company’s FAQ doesn’t explain why it chose the 7:1 factor. The previous splits — in 1987, 2000 and 2005 — were all 2:1.
The speculation here was that it would simplify things for investors. The stock’s all-time intraday high, set on Sept. 21, 2012,...
