Shares of Apple Inc. today surged $2.869, or 1.87% to close at $156.339 on volume of 29,819,361 shares to set a new all-time closing high.
In after hours action, Apple shares currently stand up $0.07 at $156.41.
Apple’s previous 52-week high was $155.00, set on September 26th. Apple’s 52-week low is $72.60, set on October 11, 2006.
At market close, Apple’s market value stands at $135,958,804,299. For reference, Apple’s market value exceeds that of Hewlett-Packard by $4,556,203,539, surpasses Dell by $72,467,192,999, is greater than Sony by $84,476,982,739, and tops the value of Gateway by a mere $135,256,357,339.
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.
when will the earnings report for the Q4 be released ?
Would love some blood on the floor of the itunes cutting room articles!!!!
how high do the shares have to go before they start fixing the bugs in server?
Damn you all to hell. (Pounds fists in sand)
@ server admin
How long is a piece of string?
Drink Camel’s Milk, It will help you clarify your thoughts so that you present them logically to this blog, so that we can understand where it is you are coming from.
Of course this will be achieved because of the bulbous fart you expel, the fowl stench you eminate will clear out your marbles leading to concise blogging.
Apple is expected to announce their fourth quarter financial results on Monday, October 15th at 5:00pm EST.
That Laura quote is nearly 40% ago. Just crazy. I wonder how her clients feel.
Jordan,
The earnings report is scheduled for October 15. If you want to listen to the conference call, you can subscribe to the podcast in iTunes.
-jcr
I’ll tell ya how I feel – I feel PISSED!
DAMN YOU, LAURA!
I think you have your date wrong, Apple typically releases earnings on a Tues or Wed after market close.
Are there any trading rules as to when a stock split is recommended?
What advantages are there to letting the stock price keep rising?
@ Trskrap:
No, it’s up to the board.
Advantage? ROFLYAO at Bill Gates.
Good enough for me.
There are no rules, explicit or implicit, regarding the price of a share of stock for any company. This is why Google (GOOG) is aroun $580 today; and Berkshire-Hathaway is around $118,000 (Class A; there is Class B, without voting rights, for about $4,000). The only reason a company would want to announce a stock split would be to make it psychologically less expensive, therefore, with more room to grow. The value remains the same, everything else remains the same. The reason Warren Buffet doesn’t believe in stock splits (which is why his BRK.A is so expensive) is that cheap stocks only bring in emotional investors, which together can swing the stock back and forth for no valid reason, other than fear and panic. How many of us here can afford over $100k for even one single share of his company?
Steve Jobs recently said that they have no plans to split again. He seems to be taking a page from W. Buffet’s book, and he is right.
If this company continues to plug away as it has for the past four years, it will soon blow past Intel, IBM and Google ($154B, $160B and 170B, respectively).
And, on that note, today, MSFT stands at $280B. In perspective: MSFT has been around $280B for the past five years. AAPL was at around $40B a year ago; it is now $135B. Any predictions here?
“Are there any trading rules as to when a stock split is recommended? “
People seem to think there is a rule or that because the stock split at price X before, certainly it will split again at the same price. Or if it’s so high, then it must be time for a split. Splits usually happen to make the stock more attractive to investors and usually when the compay has a positive outlook. But there is no requirement that at a certain price the stock has to split for instance Berkshire Hathaway A shares are currently trading at about $118,000 EACH… for one … ONE share.
for more info try reading:
http://www.investopedia.com/articles/01/072501.asp
“What advantages are there to letting the stock price keep rising?”
Oh yeah and one of the primary advantages is stability. The cheaper the per share price the easier it is for entry level investors to get involved therefore potentially creating more volatility in the stock.
“Steve Jobs recently said that they have no plans to split again. He seems to be taking a page from W. Buffet’s book, and he is right.”
No, he knows the stock will soon be trading below $100 again. No need to split.
I’m getting near to my first 100% increase! Hope to be there by January or so… to bad it’s not real money unless you sell.
er… too bad…
“The cheaper the per share price the easier it is for entry level investors to get involved therefore potentially creating more volatility in the stock.”
Sure, like “Entry level Investors” are responsible for most of the volume with any stock on any given day.
“Sure, like “Entry level Investors” are responsible for most of the volume with any stock on any given day.”
Entry level investors also include day traders and yes they can have an effect on the price. People who trade volume of stocks based on small gains or losses are contributing to the volatility and many traditional investors would classify day traders as just sucha group.
The peak just before the 155′ fall!
http://fakesteveballmer.blogspot.com
How many of the entry-level investors can afford $118,000 for one single share of BRK.A? Or, let’s put it in a different way: what kind of investors do you think currently own BRK.A? Compare that to owners of a $155 AAPL?
I am an amateur investor. I own AAPL because I know the company. I cannot afford more than one single share of BRK.A. I don’t want to sink all my eggs into the same basket. Not to mention that BRK.A is not exactly a growth stock. Once I retire, perhaps I’ll move my (by then hopefully sizeable) assets into BRK.A (or BRK.B, if I still can’t afford more than a few BRK.A shares).
Those who own BRK.A (or .B) are not trading it. Today, for example, some sixty (60) shares changed hands; 20 at 10:00AM, another 20 + 20 in the afternoon (3:00 and 3:30); there were some single-share transactions during the day. Meanwhile, 30 million shares of AAPL were traded today. Obviously, there will be fewer swings of BRK.A than of AAPL.
That’s why you wouldn’t want to split stock.
Pedrag,
I predict that AAPL’s market cap will pass MSFT’s in the vicinity of $190B, about two years from now. The Longhorn disaster is starting to take its toll on the Evil Empire.
-jcr
Pedrag,
I predict that AAPL’s market cap will pass MSFT’s in the vicinity of $190B, about two years from now. The Longhorn disaster is starting to take its toll on the Evil Empire.
-jcr
Just curious what you guys think. I’m AAPL long, as in, I never want to sell the stuff because of how I feel about the company. One used to be able to kind of predict the pull-backs, like whenever Apple released good financial results the stock would drop. It was weird but you’d expect it. Now, I’m not so sure, the stock moves in ways seemingly more tied to what story appears in the news that day about another bunch of people whining about iPhone lockouts or iTunes DRM.
Sorry to be long-winded. My question is are you guys periodically selling and buying, or is there anyone like me with a chunk just sitting in an IRA?