Apple shares hit new all-time intraday, closing highs

In NASDAQ trading today, Apple Inc. (AAPL) shares today gained $4.86, or 1.05%, on slightly below average volume of 11,222,331 shares to set a new all-time closing high of $468.83.

Apple also set a new all-time intraday high today of $469.75.

Apple’s previous all-time closing high was $463.97 set yesterday. Apple’s 52-week low stands at $310.50.

Apple’s market value currently stands at $437.12 billion.

The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $437.12B
2. Exxon Mobil (XOM) – $408.73B
3. Microsoft (MSFT) – $254.66B
4. IBM (IBM) – $224.29B
5. Wal-Mart (WMT) – $211.27B

Selected companies’ current market values:
• GE (GE) – $202.66B
• Google (GOOG) – $197.28B
• Intel (INTC) – $135.04B
• Cisco (CSCO) – $108.59B
• Amazon (AMZN) – $83.82B
• Disney (DIS) – $73.62B
• Hewlett-Packard (HPQ) – $57.44B
• Dell (DELL) – $32.03B
• Sony (SNE) – $19.75B
• Yahoo! (YHOO) – $19.65B
• Nokia (NOK) – $19.03B
• Adobe (ADBE) – $15.94B
• Motorola Mobility (MMI) – $11.67B
• Research In Motion (RIMM) – $8.62B
• Sirius XM (SIRI) – $7.93B
• Advanced Micro Devices (AMD) – $5.22B
• RealNetworks (RNWK) – $0.38B

AAPL quote via NASDAQ here.

Related articles:
Apple shares hit new all-time intraday, closing highs – February 6, 2012
Apple shares hit new all-time intraday, closing highs – February 3, 2012
Apple shares hit new all-time intraday high – February 1, 2012
Apple shares hit new all-time intraday, closing highs – January 31, 2012
Apple shares hit new all-time closing high – January 30, 2012
Apple shares hit new all-time closing high; reclaims most-valuable company crown – January 27, 2012
Apple shares hit new all-time intraday, closing highs – January 25, 2012
Apple stuns Street with massive $46.33 billion record revenue; all-time record Mac, iPhone, iPad sales – January 24, 2012
Apple shares hit new all-time intraday, closing highs – January 18, 2012
Apple shares hit new all-time closing high – January 17, 2012
Apple shares hit new all-time closing high – January 9, 2012

17 Comments

  1. From what I’ve read on this board, institutional investors account for 70 percent of apple stock held. And by their by-laws, are only allowed to own a certain maximum percentage of their fund in any one stock. Logically, all or most would be fully invested. My question then is what is driving the stock the last few weeks especially on low volume?

    1. There are trillions of dollars controlled by U.S. institutional investors such as retirement funds, and some have more flexible investment options than others. Outside of the U.S., there are trillions more. Apple may be huge in some ways, but it is not all that large in other ways. There is plenty of room left for growth.

  2. I find it amusing that there are the pundits that say Apple is cheap at its present price and they are right. However, I look at Intuitive Surgical and it’s currently at $492 and is climbing even faster than Apple. Is that stock also considered cheap? It’s got a P/E of 40 and an amazing 87% of it is institutionally owned yet somehow they can keep pouring money into the stock. Wouldn’t they be fully invested by now? Jeez. Intuitive Surgical has an EPS of about 12 compared to Apple’s 35. This seems to be another stock that doesn’t look as good as Apple does on paper, yet is easily outrunning Apple with no cries for dividends, splits or buybacks. I wonder why that is. Apple could buy all of ISRG outright with just a tiny bit of its reserve cash. Hell, Apple might be able to take those DaVinci surgical robots and set them up for surgery using an iPad interface. Apple might really need to get into some side-shoot business as an acquisition to boost it’s share price. Health care seems like a morally clean sector to get into to boost Apple’s image.

    How do some companies get free passes and other’s don’t? I know damn well that Intuitive Surgical isn’t going to sell that many DaVincis in the next quarter or even the quarter after. Hospitals likely don’t have that much money to spend in this economy.

    1. The share price alone is irrelevant.

      Does Intuitive Surgical have a massive hoard of cash and securities? If not, then they will not face the same pressure to declare a dividend.

      What is Intuitive Surgical’s growth rate? if PEG is less than one, then the company might be considered cheap, even with a fairly high P/E ratio.

      There are many reasons that Apple would be viewed differently from Intuitive Surgical or virtually any other publicly traded company – many tens of $billions, in fact.

      If you want to be a savvy investor, then you need to do more studying and less laughing 😉

  3. Up, Up, Up. That’s all I ever hear. This Up every day bidness is getting quite repetitive. It used to be just the wildest roller coaster ride and now AAPL climbing like a billy goat up Everest. Or is AAPL a Honey Badger? While it growling and snarling, I’m just smiling. 😉

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