) shares got a boost Tuesday afternoon on rumors that the company may announce a split on Wednesday during its annual shareholder meeting.
The rumor comes from former money manager and current TheStreet.com
contributor Douglas Kass, who did not disclose his source.
“High above the Alps my Gnome is hearing a rumor that Apple
will announce a stock split at tomorrow’s shareholder meeting,”
Kass wrote in a post on Twitter, providing no further details. Apple shares rose more than 1.4% on the rumor after nearing a new closing low.