Apple shares hit new all-time intraday, closing highs

In NASDAQ trading today, Apple Inc. (AAPL) shares today gained $16.49, or 3.46%, on well above average volume of 31,359,41 shares to set a new all-time closing high of $493.17.

Apple also set a new all-time intraday high today of $496.75.

Apple’s previous all-time closing high was $476.68 set yesterday. Apple’s 52-week low stands at $310.50.

Apple’s market value currently stands at $459.82 billion.

The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – 459.82B
2. Exxon Mobil (XOM) – $401.82B
3. Microsoft (MSFT) – $258.18B
4. IBM (IBM) – $224.03B
5. Wal-Mart (WMT) – $212.19B

Selected companies’ current market values:
• GE (GE) – $202.13B
• Google (GOOG) – $198.81B
• Intel (INTC) – $136.15B
• Cisco (CSCO) – $107.52B
• Amazon (AMZN) – $84.18B
• Disney (DIS) – $74.61B
• Hewlett-Packard (HPQ) – $57.76B
• Dell (DELL) – $32.44B
• Sony (SNE) – $19.98B
• Yahoo! (YHOO) – $19.86B
• Nokia (NOK) – $18.81B
• Adobe (ADBE) – $16.12B
• Motorola Mobility (MMI) – $11.81B
• Research In Motion (RIMM) – $8.20B
• Sirius XM (SIRI) – $8.21B
• Advanced Micro Devices (AMD) – $5.30B
• RealNetworks (RNWK) – $0.38B

AAPL quote via NASDAQ here.

MacDailyNews Take: What you are seeing is a testament to the towering brilliance of Steven Paul Jobs. And, you haven’t seen anything, yet.

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35 Comments

    1. Copy that Jane – Payload is armed – All crew members, lower reflective blast shields – Target acquisition Roger – Mountain View CA – Google HQ – Missile Away……..This ones for you Steve – Gods Speed!

  1. it is strange that appl had such a huge jump while already at a peak. there were no big news stories today that I’m aware of. there must be some sort of manipulation, but at least it’s in a logical direction (i.e. up). I really think there need to be a fee per stock trade fee to curb the shenanigans of the big funds (which typically have worked against AAPL IMO).

    1. Apple does not live in the vacuum of space. If you want to know why these big jumps (or falls) happen, try reading something other than MDN. Any good financial site or world news site is a good place to start. External forces matter.

        1. It’s not iPad rumors, it’s the Greek debt deal and the overall state of the Eurozone coupled with modest improvements in hiring in the US. The trend seems positive all around this week.

          That’s why it’s going up. It could also be that investors are looking at Apple as a safe haven as some companies revenues are disappointing.

  2. > to curb the shenanigans of the big funds (which typically have worked against AAPL IMO).

    The manipulators work for AND against AAPL. Otherwise, they would not make money. Help drive it down, buy, help drive it up, sell. Rinse and repeat. You mostly notice (get ticked off) when they are trying to push it down, which is why you get the impression that they “typically have worked against AAPL.”

    In the long term, the average AAPL price will climb steadily, so the short-term fluctuations caused by any manipulation are not that relevant. If you ever decide to sell some shares and make the profit “real,” just pick a time that is during an upswing (like now), and the manipulation will actually work in your favor.

  3. Holy Crap! If AAPL was an amusement park ride their would be all kinds of warnings, before people would be allowed on board.

    Some analyst somewhere is probably telling clients that AAPL will never hit $500, that iPad 3 won’t sell and that we are all doomed.

  4. While Apple’s performance has been impressive, the same can’t be said for the rest of the economy. I believe we are in Phase II of a bear market rally. When the market has lured enough sheep back in, it’s going to go down with a vengeance in search of the March 2009 lows. In preparation for the slaughter, I’ll be closing out my position 10-4-10 beginning at 500. Then it’s a matter of watching for signs of the bear waking. When that time comes, I’ll be buying puts on AAPL, the Q’s and a few others.

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