Apple shares hit new all-time intraday, closing highs

In NASDAQ trading, Apple Inc. (AAPL) shares today gained $6.86, or 1.36%, on well above average volume of 16,341,735 shares to set a new all-time closing high of $509.46.

Apple also set a new all-time intraday high today of $509.56.

Apple’s previous all-time closing high was $502.60 set yesterday. Apple’s 52-week low stands at $310.50.

Apple’s market value currently stands at $475.00 billion.

The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $475.00B
2. Exxon Mobil (XOM) – $400.83B
3. Microsoft (MSFT) – $253.82B
4. IBM (IBM) – $222.98B
5. Wal-Mart (WMT) – $213.08B

Selected companies’ current market values:
• GE (GE) – $200.12B
• Google (GOOG) – $198.25B
• Intel (INTC) – $135.75B
• Cisco (CSCO) – $107.74B
• Amazon (AMZN) – $87.05B
• Disney (DIS) – $76.50B
• Hewlett-Packard (HPQ) – $57.70B
• Dell (DELL) – $32.41B
• Yahoo! (YHOO) – $19.07B
• Sony (SNE) – $19.20B
• Nokia (NOK) – $19.03B
• Adobe (ADBE) – $16.02B
• Motorola Mobility (MMI) – $11.91B
• Research In Motion (RIMM) – $7.51B
• Sirius XM (SIRI) – $8.06B
• Advanced Micro Devices (AMD) – $5.36B
• 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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21 Comments

  1. It sure seems like investors liked what they heard from Tim Cook at the Goldman Sachs Technology Conference. The stock gained a few extra points right before the close, and continued to go up in after hours trading.

    Maybe they are assuming that a dividend is coming. Tim did admit that Apple “has more cash than we need”. I’m not sure how I feel about dividends. Sounds like it’s an inefficient way to return value to share holders. Apple would have to pay taxes on the money, and then investors would have to pay taxes on it as well.

    On the other hand, I’m not sure what other options are available that value to the share holders. Any other ideas?

      1. As an AAPL investor I’m ecstatic. I have picked up a lot of shares over the past 3 years. The only thing that could make me happier is if I had bought more back in 2009. 😉

        1. @ Vatdoro

          The only thing that would make me happier is if I bought more in 2001 – before the first iPod. I bought barely any stocks at that time, and it was trading then for 12 and some cents. Now I could buy a new BMW, but if I bought more like I should have, I could have had a nice early retirement…. as a multimillionaire…. I never would have thought anything like this was even possible…

      1. 2-2-12 from THE REFORMED BROKER Joshua M. Brown:
        Earlier this week I was on CNBC’s Fast Money and they had the most ridiculous human being I’ve ever seen on financial television discuss his current short call on Apple stock – originally made two years ago. I know. But ACI Research CEO Edward Zabitsky is “sticking to his guns” and maintaining his $270 target (a 50% haircut from the current price above $450). His short thesis has now changed. Of course it has – the original one was invalidated. This guy just looks and sounds like a walking margin call. And then, unbelievably, someone says that “at least he has the convictions to stick with his call” and my fucking head almost explodes. “Conviction” is stupidity when new evidence presents itself or circumstances change. Any real trader or investor can tell you that. No one is to be applauded for sticking with a call like that and inventing new reasons not to admit they’re wrong. Scary stuff, but fortunately Edward probably doesn’t have a dollar on the line with this call, him being an analyst at all.

        1. I saw that. Zabitsky was embarrassing. Noone would sell Apple short after hearing Zabitsky justify his bad call. I think his stupidity actually helped Apple, as the above person noted.

    1. I agree with Observer. The “normal” cycle would show a nice bump in the price right after last month’s quarterly report. Then a sell off while people take some profits. Like Observer, I was also expecting a sell off around $460.

      Its seems like something is different this time. There will definitely be a sell off at some point, but I don’t see it dipping down to $420. 1 or 2 more days like the last couple weeks and the stock will be at $520.

  2. A simple tar & feathering for that jerkwad moron shall suffice. Check this out: http://www.thereformedbroker.com/2012/02/02/no-one-is-ever-wrong-anymore/

    2/2/2012
    Earlier this week I was on CNBC’s Fast Money and they had the most ridiculous human being I’ve ever seen on financial television discuss his current short call on Apple stock – originally made two years ago. I know. But ACI Research CEO Edward Zabitsky is “sticking to his guns” and maintaining his $270 target (a 50% haircut from the current price above $450). His short thesis has now changed. Of course it has – the original one was invalidated. This guy just looks and sounds like a walking margin call. And then, unbelievably, someone says that “at least he has the convictions to stick with his call” and my fucking head almost explodes. “Conviction” is stupidity when new evidence presents itself or circumstances change. Any real trader or investor can tell you that. No one is to be applauded for sticking with a call like that and inventing new reasons not to admit they’re wrong. Scary stuff, but fortunately Edward probably doesn’t have a dollar on the line with this call, him being an analyst at all.

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