“Apple shares (AAPL) are currently up 2.79 percent to $503.25 a share in the wake of Carl Icahn’s lobbying efforts on Twitter,” Romain Dillet reports for TechCrunch. “Yet, the stock performance of the past two days shouldn’t diminish the overall performance over the past two months. In less than two months, Apple has indeed gained $100 billion in market capitalization.”
“On June 27 of this year, shares closed at $393.78, roughly back to their December 2011 level,” Dillet reports. “Today’s price represents a 27.8 percent increase in just 48 days. The last time shares were trading above $500 was on January 23. It proves once again that AAPL still suffers from a lot of volatility and uncertainty.”
Dillet reports, “On September 19 of 2012, shares peaked at 702.10 following a very strong summer. This year, the stock is experiencing the exact same scenario and it will be interesting to see the trend following the new iPhone releases.”
Read more in the full article here.
Related articles:
Apple stock tests $500 level for first time since January – August 14, 2013
How Carl Icahn will accelerate Apple’s ascent – August 14, 2013
Billionaire Carl Icahn says Apple shares could trade at $700 with increased buyback program – August 13, 2013
Carl Icahn spells the end of an era at Apple; this is the end for the Apple that you knew and loved – August 13, 2013
Carl Icahn reveals large Apple position, reportedly over $1 billion; wants to see Apple increase stock buybacks – August 13, 2013
Apple stock goes vertical: The Carl Icahn effect – August 13, 2013
The clarification is important that it is the stock not the company that suffers from volatility.
The key metrics is that Apple is a highly visible company that generates strong emotions both positive and negative and that the financials for the company are superb. That allows the market to use FUD or hype to move the stock up and down at will.
See how its done Mr. Ballmer, with work, not with lies.
It’s so much a question of perspective: “It proves once again that AAPL still suffers from a lot of volatility and uncertainty.”
Yeah right, AAPL enjoys volatility and uncertainty. If ya can’t take da sharks and waves, stay on the beach with the other sunscreeners.
$600 here we come next!
What the heckis evevryone so surprised at?
Apple lost a whole lot more coming down from 705, for absolutely no good reason in the first place.
We are a long way from $705. Don’t celebrate yet.
A long, long way from $700. Apple shares at least have to gain around 6.5% more to reach a break-even point for 2013 while most tech stocks rose an average of 18% for the year so far. Honestly retarded stock market.
There is no good reason for the recent run up. Be careful about holding AAPL as we approach the next “product” launch date – when that event occurs, we will see proof that there was no reason for the run up. AAPL is a $300-$400 stock. No more.
Jay Morrison: If you believe AAPL is a $300-$400 stock, you should sale now while it is high at $490s. Taking your profit and run to safer places.
Hey Kim, he ain’t got not AAPL stock. He is just one of the many unemployed who spend the day responding to every article. Where is BLN on this one? He never misses putting in his two cents.