Apple Stock Price Marks All-Time Closing High Ahead of New iPhone Rollout

[MacRumors]

Apple's stock price closed at an all-time high of $636.34 today, passing the prior all-time closing high of $636.23 set four months ago on April 9th. The next day, April 10th, the stock hit an intraday high of $644 and the company's market capitalization breached $600 billion before falling back. Apple's stock price is up nearly 60% on the year, outperforming the NASDAQ by more than 3:1 and the Dow Jones Industrial Average by more than 6:1.

Growth in Apple's stock had been slightly weaker for the past month in the run-up to weaker-than-expected earnings for the third quarter, but new reports of a September launch for the next iPhone as well as a smaller, cheaper iPad Mini have been pushing the price higher.

All shareholders of record as of Monday's close also received a cash dividend of $2.65 per-share today, the first dividend payment to Apple shareholders since December 1995.

Article Link: Apple Stock Price Marks All-Time Closing High Ahead of New iPhone Rollout

 

[mrtravel123]

Let the stock keep climbing. More growth is coming.

The poor quarter is only because of the delay in the iPhone. Nothing more. Apple is still a great investment.

 

[trekkie604]

My Visa card is ready.

 

[DaDalle]

I wish I had bought a few, when they were below $20

 

[mertyz]

And some people were thinking they would never beat their best

 

[Morod]

If I had owned any, I would've sold at $200.
Congrats to all those who have held on for the long run.

 

[Tubamajuba]

Steve Jobs would have never let this happen...

...wait, what?

 

[JDee]

It can only stay that high for so long. There is an end to every good thing. Of course it won't rocket down - it just can't get much more expensive.

 

[DMVillain]

The jump is probably related to the cable box rumors more than anything...

 

[portishead]

It's great that a lot of passionate Apple users own stock in the company, but remember, that doesn't give you any entitlement to pretend like they owe you anything individually or need to listen to your opinions. Like starting out a post with "As a stockholder...". Other than that rant, I am glad Apple is doing well.

 

[Born Again]

Steve Jobs would have never let this happen...

...wait, what?

Correction.

Steve would of let this happen.

 

[basesloaded190]

Let's not get ahead of ourselves here. The only reason it's up this high is because the overall market is up on better news from Europe.

 

[jlgolson]

It can only stay that high for so long. There is an end to every good thing. Of course it won't rocket down - it just can't get much more expensive.

Why not? It's trading at a very reasonable sub-15 P/E. Google is trading near 20. Could easily rise to 20 or 25 or an even higher P/E, not to mention we will see a big rise in earnings this year.

Correction.

Steve would of let this happen.

Correction. Steve would have let this happen.

 

[KdParker]

Well that is just great, but apple hasn't even told when we can pre-order or sent out invitations fore the media event yet.

Why would stock soar now?

 

[iMacFarlane]

It can only stay that high for so long. There is an end to every good thing. Of course it won't rocket down - it just can't get much more expensive.

It's ripe for a split . . .

 

[Tubamajuba]

Correction.

Steve would of let this happen.

Exactly. That was a tongue in cheek remark at the fact that somebody absolutely MUST say that in every single remotely negative news story.

 

[basesloaded190]

Why would stock soar now?

Overall market conditions and good news from Europe

 

[Anti-Lucifer]

those that think this has anything to do with any news of any sort are out of your mind. The stock market is a legal gambling casino. There is no ifs ands or buts about it. It makes no sense in regards to stocks going up or down except the rich people who dump money to buy and sell owns all of you.

It's just like gas prices - there is no rational explanation for it's increase or when it falls down in price if at all.

Stock market is played by every rich million and billionaire on this planet - which includes many billionaire chinese investors (aka gamblers) as well.

 

[VinitaBoy]

Easily Answered

Well that is just great, but apple hasn't even told when we can pre-order or sent out invitations fore the media event yet.

Why would stock soar now?

Because veteran market traders buy on RUMOR and anticipated sales, not NEWS and actualized sales figures.

 

[MacFather]

Steve Jobs would have never let this happen...

...wait, what?

Deleted.

 

[lifeinhd]

Haha, I read the headline and freaked out for a minute, thinking "what??? They intro'd the new iPhone and I missed it?????"

lol

 

[jlgolson]

Because veteran market traders buy on RUMOR and anticipated sales, not NEWS and actualized sales figures.

Buy the rumor, sell the news.

 

[ngenerator]

those that think this has anything to do with any news of any sort are out of your mind. The stock market is a legal gambling casino. There is no ifs ands or buts about it. It makes no sense in regards to stocks going up or down except the rich people who dump money to buy and sell owns all of you.

It's just like gas prices - there is no rational explanation for it's increase or when it falls down in price if at all.

Stock market is played by every rich million and billionaire on this planet - which includes many billionaire chinese investors (aka gamblers) as well.

Yep

 

[lifeinhd]

If I had owned any, I would've sold at $200.
Congrats to all those who have held on for the long run.

Hard to believe that $200 was in 2010, just after the intro of the iPad.

 

[Anti-Lucifer]

Yep
Image

Just like you pumping gas at the station believing in high gas prices is due to shortages, refinery explosions, and the economy.

Some people just have no common sense.