Apple, the world’s most valuable company, will be calculated in the Dow Jones Industrial Average index starting later this month, the Wall Street Journal reported on Friday. The move has been a long time coming, and was likely made possible by last year’s 7-for-1 stock split which significantly reduced the per-share price of Apple, making it easier to fold into the price-weighted blue chip index. Apple will replace AT&T in the prestigious group of thirty major American companies. Apple is currently traded on the Nasdaq and shares were trading at $125.41 at the time of publication.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
["wijax_7a29dc9050ee6ccc14bca4f36c7b145a","wijax_f1b7e760be2681f05f09ba0e2ac84dc4"]
{"source":"https:\/\/gigaom.com\/2015\/03\/06\/apple-finally-joins-the-dow-att-out\/feed\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_8d448b6469454a3db8af97d008ecd722","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2015\/03\/06\/apple-finally-joins-the-dow-att-out\/feed\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_8d448b6469454a3db8af97d008ecd722","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}