Shares of Apple Inc. [AAPL] continue to rise, today gaining $1.34, or 1.10%, to set a new all-time closing high of $122.67 per share on volume of 32,425,408.
Apple’s previous 52-Week and All-Time High closing high was $121.33 set on June 4, 2007. AAPL’s all-time intraday high was set today at $122.69.
Apple’s 52 Week Low stands at $50.16, set on July 14, 2006.
Apple’s market value currently stands at $106,103,171,160.
AAPL quote via NASDAQ here.
MacDailyNews Note: “I am putting a sell on Apple, the company that created the iPhone,” Laura Goldman, investment advisor, LSG Capital, May 21, 2007. AAPL closed at $111.98 that day.
Mac,
I agree with you about the possibility of AAPL going down after iPhone’s release, but it could be short-lived.
There are factors which make any predictions precarious:
*The first reports of iPhone sales will soon follow its release.
*The June-quarter results will be out shortly after the release.
*There may well be new products coming at WWDC or shorly afterwards which ‘could’ boost the market.
But who knows? I’m certainly not selling few shares I have.
To the guys making a killing in options. Enjoy the ride. But understand this is not a normal thing… This is a perfect storm of a company making market share gains, margin gains (component prices are down) AND with the story of a stunning new product about to be released.
The weird thing is that when I look at the iphone commercials and then look at my pathetic current phone… I’m not sure it’s overhyped.
And from a stock price standpoint, we’ve probably crossed the line with the shorts have been murdered and have had to get out… we could go a lot higher
The only thing I know for certain is that if it keeps going up like this it will correct VIOLENTLY. But how high before it does? And what happens after? Pretty good game, eh?
I won’t get tired of see this headline. June will be a big month, with the “secret” features of Tiger being revealed, and iPhone. Significant news, like the MacBook Pro update seem like almost trivial this month.
Very much in love with the “related articles” section
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How is BUBBLE spelled?
Let’s hope Apple is immune.
Wait ’til the BushCo. Rich Relief policies really get into gear! Bread lines here we come!
“What is your personal analysis of the fair market price of AAPL? Please provide numbers and sources to support how you’ve arrived at this opinion.”
It’s an analysis based on the current price, where you ask yourself, is that reasonable?
AAPL would need to sustain 18% growth every year for the next decade to be even worth what it is priced at today, all that while maintaining it’s current margins in the face of competitive pressure in phones, computers and music players. Maybe it will do that. More likely people are a little over-excited by Apple’s prospects.
As for numbers and sources, plug AAPL into your favorite valuation model, you’ll get the same answer.
And it’s funny, it’s always the dumb money, you know, those people that don’t actually formally value a stock before buying it that get hammered in these kinds of situations.
Loving a company’s products isn’t enough. There are plenty of companies out there which make great products but are overvalued.
There are plenty of others which make staid and boring products which are not.
You need to understand how to separate your investment decisions about a company from your emotional attachment to it’s products.
“To the guys making a killing in options. Enjoy the ride. But understand this is not a normal thing… This is a perfect storm of a company making market share gains, margin gains (component prices are down) AND with the story of a stunning new product about to be released.”
– Exactly, the only normal thing about this is WWDC, but one must seize the day.