Apple shares hit new all-time intraday and closing highs

In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $4.26, or 2.00%, to hit a new all-time closing high of $217.58. Apple’s previous all-time closing high was $213.32 set on August 16, 2018.

AAPL’s all-time intraday high stands at $218.62, also set today.

Apple’s 52-week low stands at $149.02.

 
Apple, the world’s most valuable company, currently has a market value of $1.051 trillion.

 
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $1.051T
2. Amazon.com (AMZN) – $918.036B
3. Alphabet (GOOGL) – $839.802B
4. Microsoft (MSFT) – $824.947B
5. Berkshire Hathaway (BRKA) – $516.631B

Selected companies’ current market values:
• Facebook (FB) – $501.799B
• Walmart (WMT) – $288.740B
• Intel (INTC) – $217.178B
• Cisco (CSCO) – $215.721B
• Taiwan Semiconductor (TSM) – $208.963B
• Disney (DIS) – $167.230B
• IBM (IBM) – $133.319B
• Adobe (ADBE) – $120.310B
• SoftBank (SFTBF) – $100.677B
• Sony (SNE) – $70.028B
• Tesla (TSLA) – $52.116B
• Hewlett-Packard (HPQ) – $39.522B
• Spotify (SPOT) – $33.865B
• Sirius XM (SIRI) – $31.282B
• Twitter (TWTR) – $24.710B
• Advanced Micro Devices (AMD) – $19.273B
• BlackBerry (BB) – $5.485B
• Pandora (P) – $2.136B
• Sonos (SONO) – $1.831B
• Fitbit (FIT) – $1.399B
• RealNetworks (RNWK) – $124.495M

AAPL quote via NASDAQ here.

MacDailyNews Take: Interns, get ready…

18 Comments

    1. Looks like all the gloom and doom naysayers are hiding under a rock until they can figure out what happened. But don’t worry, they will find something somewhere

      1. So you are happy that Apple is a big fat corporation playing games with wall st, buying its own stock instead of keeping its products up to date. Apple customers get gouged and investors cheer. Where were you when Microsoft was on top making all that money?

        1. 1) Apple, of all companies does not play games with Wall St. It’s the companies like Tesla, and Amazon, which never tell Wall St how many devices it sells that are playing games.
          2) Stock buybacks are managed by a 3rd-party. Apple’s staff don’t have to do a thing. Having to manage its huge amount of cash is far more distracting than assigning a 3rd-party to buyback shares. Having to issue debt in order to pay for dividends and buybacks, like in the past, is far more distracting. Stock buybacks are not preventing Apple from releasing new products.
          3) Customers that feel gouged, buy less. Apple may have hit a stock high, but it’s still undervalued compared to its peers.
          4) Microsoft never made alot of money when it was on top. Back in 1999, it had a PE of over 60.

    1. I’m hoping the combination of buybacks, growing subscription revenue and Warren Buffet are finally convincing Wall Street to give Apple a more reasonable multiple, which would mean more room to run.

    2. Agreed. It is weird to see it rise so fast. My guess is that big investors are re-evaluating how to look at Apple. If they now see it as a producer of a steady stream of income rather than a long lucky streak of home runs they could assign it a higher PE. If so, i. Could see AAPL rise quickly (months) to the 250-300 range and grow slowly. From there as revenue increases.

      1. @John: I am with you. I have been with Apple for a long while, have never seen it’s rising so fast, while its peers the FANG surpassed. Wall Street excluded Apple in FANG clubs , ouch it’s hurt!. Finally AAPL reached $1 trillion and It could continue reaching to $1.25 trillion, which means AAPL worths $258.40 a share. Long AAPL. Good luck to all. 🍎 🇺🇸😀👍

  1. It may be that breaking through that trillion dollar barrier removed resistance to further increases. Also Warren Buffet keeps investing in AAPL. Also, maybe Wall Street is paying more attention to the buybacks and the wearables and the subscription revenue. All these coming together at once.

    1. It’s market rotation. The FANG had a great run, Apple was excluded from its peers, because it’s considered a hardwares company. It’s time for AAPL shine and continue growth. Long AAPL. Good luck to all. 🍎🇺🇸😃

  2. There are typically between 20 and 22 trading days per month. Today, AAPL posted its 22nd all-time closing high this year. AAPL has now posted a full trading month’s worth of all-time closing highs in 2018 — with more than four months still to go.

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