Apple shares hit new all-time closing high – again

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.

32 Comments

  1. My shares went up 1.1%, and my options went up 13.95% today. I’m just working up the guts to move most of my money from shares to options a few days before the WWDC keynote.

    Owning AAPL shares is great. Owning July $135 calls is even better. 😀

    -jcr

  2. My shares went up 1.1%, and my options went up 13.95% today. I’m just working up the guts to move most of my money from shares to options a few days before the WWDC keynote.

    Owning AAPL shares is great. Owning July $135 calls is even better. 😀

    -jcr

  3. “My shares went up 1.1%, and my options went up 13.95% today. I’m just working up the guts to move most of my money from shares to options a few days before the WWDC keynote.

    Owning AAPL shares is great. Owning July $135 calls is even better. :D”

    – I’m with you JCR, I bought a june $120 call a couple weeks ago and it feels good to be in the money. I’m only a young soph in college, and I’ve already made over 600% from my initial investment of several G’s and its not even WWDC yet (the reason i bought the june call in the first place). Its surprising how obvious this move is, yet so few people see the signs. As soon as I sell on the 14th, I’m buying a July call the same day, to gear up for profit from the iphone launch (I wouldn’t be surprised if apple was over $150 by August. You are headed in the right direction, work up those guts and you’ll be quite pleased.

  4. “That’s $12.65 per share people lose if they listen to Goldman.”

    Nice call! Glad someone remembered to bring that up.

    But let’s be fair. In deference to Ms. Goldman, I have set my trailing stop at 12 dollars. So even with such a huge drop, I’ll still have 65 cents on her. (oops! plus another 26 cents in the after market!)

    Hope ya didn’t short it, honey.

    -c

  5. “A mere 21 billion away from Intel’s market cap and 16 from HP.
    The orchard keeps growing. Keep it up, Apple.”

    And that doesn’t make you think Hmm, perhaps overpriced?

    OK, well they’re probably going to come out with an iPhone sock puppet shortly that will give you further comfort in your buying activities.

  6. “And that doesn’t make you think Hmm, perhaps overpriced?”

    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.

  7. @Derek

    I too have been follwoing Apple v. Dell market vlaue for last two years, and it has been sweet to see Dell choking in Apple’s dust. Apple will be 2x Dell this year but barely. I see Apple stock increasing until iPhone release but then taking a hit and not achieve 2x Dell until Dec or Jan, when 4th quarter sales show the doubters that remain that Apple is THE tech. company of the future.

    And all because of product quality. Without that, “design”, “style” and “cool factor” (which the media love to attribute as Apple’s most significant forté) would be meaningless.

  8. 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.

  9. 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?

  10. 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.

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