Shares of Apple Computer, Inc. (AAPL) today close up $6.18, 11.20% on very heavy trading volume of 45,824,733 shares to set a new 52-week (and 4-year) high of $61.35. Apple’s previous 52-week high of $56.91 was set on 11/19/2004.
Before the open today, news that Piper Jaffray had raised its price target on the stock to $100 and Fulcrum Global Partners raised its 52-week target price to $65 a share drove anticipation of AAPL movement. The price target changes were made based on evidence that the iPod music player is leading to more sales of Macintosh computers.
With 387,925,000 shares outstanding, Apple Computer, Inc.’s market value currently stands at $23,799,198,750.
AAPL is currently trading at $61.35 in after hours trading.