Apple up in early trading, hits new intraday 52-week high

Shares of Apple Computer (AAPL) are up $0.81, or 2.62%, to hit a new 52-week intraday high of $31.50 per share in heavy volume (2,726,570) morning NASDAQ trading. Apple’s previous 52-week high, set on June 15, 2004, stood at $31.14.

NASDAQ Apple quote (15-minute delay) here.

17 Comments

  1. This is rediculous.

    “Apple’s previous 52-week high, set on June 15, 2004, stood at $31.14.”

    Man if only I could remember that far back!

    MDN, as long as stock keeps going up, it will be a new high. We get it. DOn’t get me wrong, I’m glad AAPL is going up, I own a fair share of it, but this isn’t news.

  2. The coolest part of Apples stock is the fact that it has trickled up over the last year or so and not skyrocketed. This shows consistent and steadfast and sustained growth and not unpredictable spurts. Remember when it went from 12 to over 100 and then split back when Jobs/imac came out. Seems some Saudi Arabian investor made a couple hundred million investment when it was at twelve back then. Hope he waited until it was at 100 before he sold.

  3. And at 14:15, we’re now at $31.75 up 3.45% on a Nasdaq market that has nominally declined (0.01%).

    At the same time, Adobe are down 2.89% (at 44.37) and now have a market cap difference of nearly $1.2 billion.

    Even more interestingly, Apple is now only $1.9 billion shy of Sun’s market cap – which shows how much the fortunes of both companies have changed since the heyday of the Internet bubble.

  4. ary, the time for more stock was back on May 5th, as I pointed out then, it was crunch time for a continued rally or a slide back into the low 20’s.

    Buy low, sell hi…..write that down. I can send you a chart that shows how nicely how the simplest technical indicators have paid off for investors interested in buying aapl.

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