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Apple's Share Price Soars Past the $500 Mark

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After becoming the first U.S. company to reach a market capitalization of $2 trillion last week, Apple's stock continues to soar as investors pour money into the company. Apple's stock officially opened this morning above the $500 mark, up another 3.5% to $515.

aapl_500.jpg

Apple and other tech heavyweights have seen their share prices rise significantly since market lows in March, with Apple more than doubling from its low of $224.

Apple's time as a $500+ stock will be short-lived even if it doesn't drop due to market trading, as the company's four-for-one stock split will take place at the close of trading on Friday, lowering Apple's share price to around $125. Apple's overall market value will be unchanged, however, as shareholders will receive three additional shares for each share they currently own.

Article Link: Apple's Share Price Soars Past the $500 Mark
 
Article Link
https://www.macrumors.com/2020/08/24/apple-stock-500/
lkrupp said:
Yep. Pundits everywhere were chortling that this is very bad PR for Apple, including the king of the Apple haters, Leo La Port on MacBreak Weekly. Looks bad, very bad, so bad, thew worst bad ever.
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In the past week Apple stock is up 12%. This morning it opened up 3% higher. In the past month the stock is up almost 40%. The only tech stock comparable is Tesla which was up over 13% the past week and 46% in the past month. I am curious what’s driving this. There hasn’t been any change in Apple’s underlying business to warrant a 40% increase in the stock in the past month. Is this sustainable or is Apple (and Tesla) heading for a crash?
 
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Rogifan said:
In the past week Apple stock is up 12%. This morning it opened up 3% higher. In the past month the stock is up almost 40%. The only tech stock comparable is Tesla which was up over 13% the past week and 46% in the past month. I am curious what’s driving this. There hasn’t been any change in Apple’s underlying business to warrant a 40% increase in the stock in the past month. Is this sustainable or is Apple (and Tesla) heading for a crash?
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Apple has nothing in common with Tesla besides the recent rise in price. Apple has been stupidly undervalued for 5+ years and its earnings power is simply getting the respect it deserved a long time ago.

Apple trades at 35X earnings, completely reasonable for a consumer products company with massive services.

Amazon trades at 90X earnings and Tesla almost has no earnings.
 
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I wish stock splits would be required of all publicly traded companies once their stock hits a certain value threshold. Stocks that sit at $1000, $1500, $2000 per share do nothing but keep new investors from sharing in the gains, and re-enforces old money / fat cat traders.

For example, it's absolutely ridiculous that Amazon is currently valued at $3,300+ per share.
 
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iReality85 said:
I wish stock splits would be required of all publicly traded companies once their stock hits a certain value threshold. Stocks that sit at $1000, $1500, $2000 per share do nothing but keep new investors from sharing in the gains, and re-enforces old money / fat cat traders.

For example, it's absolutely ridiculous that Amazon is currently valued at $3,300+ per share.
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The valuation is ridiculous, not the fact it trades at $3300.

You can buy fractional shares.
 
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Tulipmania anyone? Not identical but when the taxi driver, street sweeper and part-time barista all are jumping aboard in a frenzy, some caution may be prudent.
 
lkrupp said:
Yep. Pundits everywhere were chortling that this is very bad PR for Apple, including the king of the Apple haters, Leo La Port on MacBreak Weekly. Looks bad, very bad, so bad, thew worst bad ever.
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that’s not how you even spell his name, but alright..
 
bobtem said:
if only Macrumors tipped us off when AAPL bottomed out at $200 Back in March...
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I was fortunate enough to buy near bottom (just over 1 share) and then a few more shares in the sub-$300 range. So I'm pretty much ready to retire now on my hundreds of dollars of unrealized gains. ;)
 
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iReality85 said:
I wish stock splits would be required of all publicly traded companies once their stock hits a certain value threshold. Stocks that sit at $1000, $1500, $2000 per share do nothing but keep new investors from sharing in the gains, and re-enforces old money / fat cat traders.

For example, it's absolutely ridiculous that Amazon is currently valued at $3,300+ per share.
Click to expand...
Better not look at the price of Berkshire Hathaway Class A series if you think 3,300 is a lot.

Edit: Berkshire Hathaway Class A is up 3,773.99 per share today.
 
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Baymowe335 said:
Apple has nothing in common with Tesla besides the recent rise in price. Apple has been stupidly undervalued for 5+ years and its earnings power is simply getting the respect it deserved a long time ago.

Apple trades at 35X earnings, completely reasonable for a consumer products company with massive services.

Amazon trades at 90X earnings and Tesla almost has no earnings.
Click to expand...
Apple has added ~$500B in market cap in the last month or so. I don’t see any fundamental reason for that other than wall street has decided Apple is where they want to park their money.
 
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