Apple [AAPL] “stock hit an all-time record high close of $422.40 Friday, a few points shy of the record intraday high it reached on Oct. 17,” Philip Elmer-DeWitt reports for Fortune.
If you can keep a good stock down then you are able to load up for the ride back up. It’s like a slingshot — the harder you pull, the more propulsion you generate. – Jason Schwarz’ Apple: Seven Reasons Shorts Love It.
P.E.D. reports, “I’m not quite as cynical as Schwarz, but I’ve noticed that Apple does tend to bottom out mid-way through the quarter — almost as if someone were preparing to load up on the stock at the lowest-possible price — and then run up in advance of a quarterly earnings report that almost never fails to beat the Street’s expectations.”
Read more in the full article here.
MacDailyNews Note: Apple’s all-time intraday high stands at $426.70, set on October 17, 2011. Apple’s 52-week low is $310.50.
Apple’s market value currently stands at $392.58 billion.
The top five U.S. publicly-traded companies, based on market value:
1. Exxon Mobil (XOM) – $408.00B
2. Apple (AAPL) – $392.58B
3. Microsoft (MSFT) – $236.42B
4. IBM (IBM) – $215.14B
5. Google (GOOG) – $210.53BSelected companies’ current market values:
• Wal-Mart (WMT) – $202.06B
• GE (GE) – $196.89B
• Intel (INTC) – $128.57B
• Amazon (AMZN) – $83.04B
• Cisco (CSCO) – $101.34B
• Disney (DIS) – $71.70B
• Hewlett-Packard (HPQ) – $52.38B
• Dell (DELL) – $27.56B
• Nokia (NOK) – $19.44B
• Sony (SNE) – $17.50B
• Yahoo! (YHOO) – $19.24B
• Adobe (ADBE) – $14.12B
• Motorola Mobility (MMI) – $11.52B
• Research In Motion (RIMM) – $7.91B
• Sirius XM (SIRI) – $7.50B
• Advanced Micro Devices (AMD) – $3.78B
• RealNetworks (RNWK) – $0.25BAAPL quote via NASDAQ here.
Related articles:
Apple shares hit new all-time intraday high – October 17, 2011
Apple shares hit new all-time closing high – October 14, 2011
Apple shares hit new all-time intraday, closing highs – September 20, 2011
Apple shares hit new all-time intraday, closing highs – September 19, 2011