Apple Computer shares hit new all-time high for fourth straight day

Shares of Apple Computer, Inc. (AAPL) hit another new all-time high today, closing at $91.63, up $1.32 or 1.46%, on heavy volume of 18,524,119 shares during a shortened NASDAQ holiday trading session.

With 852,988,000 shares outstanding, Apple’s market value currently stands at $78,159,290,440.

The market was closed for Thanksgiving yesterday.
On Wednesday, Apple shares closed at an all-time high of $90.31.
On Tuesday, Apple shares closed at an all-time high of $88.60.
On Monday, Apple shares closed at an all-time high of $86.47.

Apple’s 52-week low was $50.16, set on July 14, 2006.

Related articles:
Banc of America raises Apple Computer price target, reiterates ‘buy’ rating – November 24, 2006
Apple shares continue upward surge; hit new all-time highs in morning trading – November 24, 2006
Apple Computer shares crack $90, hit new all-time high for third straight day – November 22, 2006
Apple shares hit another new all-time high – November 21, 2006
Expert: ‘Apple will be a triple-digit stock in a matter of months’ – November 21, 2006
Apple shares hit new all-time high – November 20, 2006

13 Comments

  1. Comparing Apple shares to Google shares doesn’t make sense. Google began trading at the $100 mark just over 2 years ago. They have had no splits in that time. When it debuted, it was highly touted and was a shining star. Apple began trading a lot longer ago. It has had its own ups and downs for a lot of reasons. It’s split 3 times.

    I think that Google prides itself on having a high PPS – hence no splits. It also probably recognizes that since it’s only been traded for about 2 years, it has a high chance of fluctuation, meaning that it can go back down as easily as it went up. A split at this time would give it more chance of having a reverse split later on if the PPS goes down. The don’t want that.

    If you do a chart comparison of GOOG vs. AAPL, you’ll see that they are nearly identical since GOOG debuted. So, although the PPS of GOOG is 5x that of AAPL, it’s the performance that you want to look at.

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