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How to handle the AAPL stock split

Jun. 10th 2014

After the close of trade on June 6th, 2014, Apple Inc. (AAPL) underwent a 7-for-1 stock split. The split was effective for anyone who owned shares at the end of trade on June 6th.

The AAPL split was a standard stock split. The number of shares owned before the split is multiplied by 7, while the share’s price is divided by 7. Thus the market value of your holding remains the same after the split.

The new shares have the same voting rights as the old shares and will continue to trade under the AAPL ticker symbol. Tim Cook, Apple’s CEO said that the split would help make Apples shares “more accessible to a larger number of investors.”

If you own shares in AAPL, there is more than one way of handling this split in StockMarketEye. (Full disclosure: I own shares in AAPL.)

Manual Split

If you have not used the brokerage import to create your portfolio, you can manually split the shares of your AAPL holding by entering a new “Split” transaction (StockMarketEye does not do this automatically for you). You can do this by following the steps in the “Entering a Stock Split” page from our User’s Guide.

Note that you should record the split transaction with the date of June 7th, rather than June 6th. The split occurred after the close of trade on the 6th, so the closing price on the 6th does not yet take into account the split. Because of this, if you record the split with the date of June 6th, you’ll have a large spike in your portfolio’s market value chart on that day. Specifying the date of June 7th in the split transaction will avoid this issue.

Via Update from brokerage…

If you created your StockMarketEye portfolio by importing from a brokerage, you should run the Portfolio -> Update from brokerage… menu to pull in the latest transactions from your brokerage. These transactions normally should account for the split and your current holdings (i.e. Prices view) will be updated accordingly. Check your “Transactions Report” to see the details of what the broker did to account for the split.

However, your brokerage may not handle the split cleanly and you may have to make adjustments to your StockMarketEye holdings after the fact. Here are 3 ways that brokerages will account for the split and how they work in StockMarketEye.

1. Using a “Split” Transaction

This is the proper way of handling a stock split. The brokerage simply includes a “Split” transaction when you update from brokerage and that split is applied by StockMarketEye to your portfolio. This is the same as entering the Split details manually in StockMarketEye.

2. Using a “Shares In” Transaction

The brokerage includes a new, “Shares In” transaction for APPL that contains the additional number of shares. These shares are applied (i.e. added) by StockMarketEye to your portfolio so that the total number of shares you own equals the pre-split number of shares plus the new shares from the “shares in” transaction.

This is a less “clean” way of handling the situation as the individual sub-lots in your Prices view for AAPL will not reflect the accurate cost basis. However, the aggregate lot in the Prices view (i.e. the main lot for AAPL in your Prices view that can be expanded to see the sub-lots) will show an accurate cost basis. Thus it still “works”, but is just not as clean as it could be.

Vanguard uses a “Shares In” transaction for splits in this manner.

3. No Transaction Recorded

Your brokerage may not record a transaction at all for the AAPL split. In this case, you’ll need to manually account for the split by following the steps in the “Entering a Stock Split” page from our User’s Guide.

4. Using a “Shares Out” Transaction

As un-intuitive as it sounds, some brokerages send a “Shares Out” transaction for the additional number of shares. When StockMarketEye applies the “Shares Out” transaction, it completely removes the AAPL shares from your Prices view. This is obviously not an accurate way of recording the split. See the next section on how to fix this in StockMarketEye.

E-Trade sends a “Shares Out” transaction.

Fixing the Prices View

If your brokerage uses either the “Shares In” or “Shares Out” method, or another way that does not correctly record a “Split” transaction, you can use the following steps to clean-up the situation in your StockMarketEye portfolio.

1. Delete the “Shares In” or “Shares Out” transaction

Go into the “Transactions Report” and select the AAPL transaction that your brokerage recorded for the AAPL split. Then right-click on it, and select the “Delete from transactions…” item from the pop-up menu. Click OK in the confirmation window.

2. Run the “Synchronize Portfolio with Transactions…” feature

Switch back to the Prices view and use the menu: Portfolio -> Synchronize Portfolio with Transactions… This feature is described in the “Synchronize Your Portfolio With Its Transactions” section of the User’s Guide. It will rebuild your Prices view from the Transactions recorded in the Prices view. Afterward, your Prices view should look as it did pre-split.

3. Manually Add the Split Transaction

In your Prices view, select AAPL and the use the menu: Portfolio -> Split Stock… Enter the 7-to-1 split details and click OK. This will record the proper “Split” transaction and your Prices view will be accurate again.

4. Do not use the “Update from brokerage…” feature for the next 5 days

If you use the “Update from brokerage…” feature in the next 5 days, StockMarketEye will re-import and re-apply the “Shares In” or “Shares out” transaction that you deleted in Step 1.

After 5 days, StockMarketEye will no longer import that deleted transaction and you can use the “Update from brokerage…” feature as you normally would.

Conclusion

Hope this helps you manage the AAPL split in your StockMarketEye portfolio. If you have questions or comments, don’t hesitate to contact our support team.

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Take our feature survey!

Apr. 8th 2014

We are developing a new version of StockMarketEye and would like to know which potential new features are important to you.

Please help us out by taking this 2 minute survey. It is completely anonymous and you’ll be helping us shape the near future direction of StockMarketEye.

Take our feature survey!

Thanks for your help!
StockMarketEye

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On Sale Now Through December 8th

Nov. 27th 2013

StockMarketEye is on sale for the holidays!

Now through December 15th, 2013, get $10 off the normal price.

Keep your eye on your investments this holiday season and in the new year with StockMarketEye!

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StockMarketEye v3.1.4 Released

Oct. 19th 2013

We are proud to announce the release of StockMarketEye v3.1.4 for Mac OS X, Windows and Linux.

This release we’ve fixed a number of small bugs and made some small performance improvements.

Below is a complete list of the additions and changes in this version of StockMarketEye.

What’s New In StockMarketEye v3.1.4

Changes

  • Optimize quote retrieval requests to data providers for less bandwidth usage.
  • Sticky-Date in portfolio entry windows is no longer updated when editing a transaction.
  • Change display of NZD to NZ$ for consistency with other currencies.
  • Improved message displayed when automatic update doesn’t work.
  • Fidelity NetBenefits import/update starts at the current hour if the current time is before 7am EST.
  • Mac App store version does not encrypt the auto-backup files.
  • Add timezone and SWT info to initial startup log.

Bug Fixes

  • Fixed: Chart buy-price marker does not update when selecting different lots of the same stock.
  • Fixed: Portfolio chart does not export if technical indicators with no values for a date are present.
  • Fixed: Some cells do not change background color for alerts when they have empty values.
  • Fixed: Copying portfolio items does not reload their fundamentals.
  • Fixed: Selling all shares can leave 0.0000 shares if a lot had fractional shares.
  • Fixed: Use currency of the portfolio for unknown symbols.
  • Fixed: Duplicate transaction types were added to Type selector in Transactions report.
  • Fixed: Issue with some money market funds reporting strange Last prices.

This is a free update for those already using StockMarketEye 3. If you are using StockMarketEye 3, we highly recommend that you upgrade to this version.

Haven’t yet updated to StockMarketEye 3? What better time than now!

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Now Available on the Mac App Store and Amazon

Jun. 21st 2013

We’re proud to announce that StockMarketEye is now available for purchase in the Mac App Store and at Amazon.

There are now 3 options for purchasing StockMarketEye:

1. As always, Mac, Windows and Linux users can purchase directly on our website.

2. Mac and Windows users also have the option of purchasing StockMarketEye from Amazon.

3. Additionally, Mac users can also purchase StockMarketEye on the Mac App Store.

You can read about the benefits of each method in our FAQ.

If you have any questions about what way is best for you, don’t hesitate to contact us.

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On Sale at MUPromo

May. 29th 2012

In cooperation with MUPromo, we’re making StockMarketEye even more affordable. On Wednesday, May 30, 2012, we’ll be the daily deal at MUPromo and you’ll be able to get StockMarketEye for 50% off the regular price.

Got friends or relatives that you think should get to know StockMarketEye? Now’s a great time to introduce them to the easiest stock market software around.

Missed the daily deal 50% off at MUPromo? Don’t worry, we’ll still be selling StockMarketEye for 25% off for 2 weeks after the daily deal at MUPromo.

To get the discount price, you’ll need to purchase on the MUPromo website. Even though MUPromo only sells Mac software, the license key you receive when purchasing at MUPromo will work on both the Mac and Windows versions of StockMarketEye. You can download the Windows version of StockMarketEye from our website.

Click here to go to the MUPromo website.

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Vote For Your Preferred Features

Mar. 13th 2012

We want StockMarketEye to be useful for you. We want it to help you navigate the stockmarket and your investments. We want it to help you make the most of your time and money.

How do we do all that? Well, the most important aspect of this process is knowing what is important to you. We can dream up and build all sorts of interesting features, but if they don’t help you achieve your goals, StockMarketEye will fail at being useful.

So we rely on your feedback and suggestions to help us shape StockMarketEye and decide in what direction we should go. The vast majority of improvements in StockMarketEye since its humble beginnings over 3 years ago are the direct result of your feedback and suggestions.

We keep a to-do list of addition and improvement suggestions. This list is the shape of the next generations of StockMarketEye. It contains close to 100 features, large and small, and composed almost entirely of suggestions by users.

Today, we are looking for your help in deciding which of these items to include in the next major release of StockMarketEye. We want to find out which ones are the most critical to you in achieving your goals.

We’d be very grateful if you could use the link below to vote for your preferred features. On that page, you’ll find a list of what we’ve determined to be the 15 most requested major features. From that list, we’d ask that you select the 5 that are the most important to you. Check the box to the right of a feature in the list, if that feature is important to you. When you’re done, click the “Submit Feedback” button to send us your votes.

Your votes are completely anonymous. You can also check less than 5, or more 5 items if you feel it necessary, but we generally would like a maximum of 5 as more than that makes it more difficult to determine a priority of the items.

We will post the results of the survey in a later blog post. Don’t forget to tell your friends about StockMarketEye and have them vote too.

As always, if you have any questions, don’t hesitate to send us an email at our support address.

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StockMarketEye for iPhone now available in the App Store

Nov. 20th 2011

We are very proud to announce that StockMarketEye for iPhone is now available in the App Store! It requires an iPhone or iPod Touch running iOS 5.0 or later (it will also run on an iPad, but in the small iPhone size). You can watch a video of it in action on our website here:

StockMarketEye for iPhone

Or you can open it in iTunes here:

StockMarketEye for iPhone in iTunes

We will be releasing a new version of our desktop software in the next couple of weeks that will be able to synchronize with the iPhone app. You’ll then be able to have the same watchlists and portfolios on the desktop and on your iPhone. Stay tuned!

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iPhone App now in review by Apple

Nov. 14th 2011

Our iPhone app has now been submitted to Apple for review. Baring any problems they might find, it will soon be available in the App Store.

Thanks to our beta testers and others who gave us feedback!

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StockMarketEye for iPhone – Coming soon…

Oct. 21st 2011

In the next few weeks, we will be releasing the first version of StockMarketEye for iOS. Designed for the iPhone or iPod Touch, this new app will let you track all of your favorite stocks and portfolios. It also has news and fundamentals integrated.

One of the big features of StockMarketEye for iOS is its ability to synchronize with the desktop version. So you’ll be able to take your watchlists and portfolios with you where ever you go and easily keep them in sync.

We’re still putting the finishing touches on the app, but if anyone is interested in being a beta tester, we’d love to get your feedback on it. Send an email to our support address and we’ll get you setup.

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