Apple, Tesla Shares Keep Rising After Stock Splits

Apple Inc. and Tesla Inc. shares rose to new heights Monday after their stock splits took effect, extending their meteoric rallies this year.

Apple added 4.2% to $130.07 after the tech giant’s shares began trading following a 4-for-1 split, essentially giving investors three more shares for every one they owned. Tesla shares jumped 9.5% to $484.80 after the electric-vehicle maker’s 5-for-1 split. Both stocks are on course to close at records.

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