“Forgotten among concerns about Apple Inc.’s drop in share price is that the recent recovery has its shares inching back toward all-time highs,” Douglas A. McIntyre writes for 24/7 Wall St. “Good news about sales of its new iPhone SE, or a strong quarterly report, could press the stock price high enough to challenge the period from February 2015 to July 2015, when it traded occasionally above $130.”
“While Apple’s shares are down 14% over the past year, they have recovered 12% in the past three months and traded at $110,” McIntyre writes. “That means they trade at the same price as in November 2014, when they then popped above $130 for the first time in February of last year.”
“Three months,” McIntyre writes, “that was all it took.”
Read more in the full article here.
MacDailyNews Take: It got so bad there that Google was the world’s most valuable company for a New York minute.
As always, we look forward to publishing our next “Apple hits new all-time” article.
I’ll believe it when I see it and I do hope I see it.
Yeah right 108 is near 135 – not in my world – someone is just looking to write an article to justify their job.
If you personally place a stock purchase for AAPL on Monday and convince some of your friends and family to buy some too and they convince others to do likewise, then the stock will rise dramatically. Them market moves when people get excited. If they are moved to buy, the price goes up. It’s that simple. Institutional buyers look for those trends also and start their buying when they see those signs. The moment that 80% of the pundits start saying that the price will rise much further is when they are advising the smart money to sell to those who are willing to buy at the inflated prices.
Oh no! You jinxed it!
There is no science. It’s emotional. Day traders can trade a stocck faster than you can. The stock market is for fools.
Is Apple a great investment for the long term. Recent analysis shows that if you had invested $1000 at the Apple IPO and hels the stock all this time, it would be worth slightly more than $200,000. This is about the same as the index of stocks from that historical period to the present. In other words, Apple is valued according to its historic performance.
AAPL’s IPO price was $0.39 per share on a split-adjusted basis, and is now about $110, for an increase of about 28,000% and the average rate of return over the 36 years since its IPO is about 17%. The S&P500 closing price on the day of AAPL’s IPO was 129.22 and is currently about 2048, for an increase of 1500%, and an average rate of return of 8%. AAPL is about double the market’s return over its entire history.
It’s always a good time to back the truck up on AAPL especially at these low PE prices!