Apple's Stock Price Officially Crosses the $400 Mark

[MacRumors]

Following yesterday's strong earnings report, Apple's stock price has officially broken through the $400 mark in regular trading today, rising over 5% to sit at roughly $406.

Apple's share price rose above $400 during after-hours trading yesterday following the earnings release, but now that the mark has been breached during regular trading, it's considered official as an intraday all-time high.

Apple's stock had dropped as low as $224 in late March as concerns mounted over the global health crisis, but it has experienced a strong and steady recovery since, rising over 80 percent in the last four months. Many other large tech companies have experienced similar surges, including Amazon, Microsoft, and Google parent Alphabet.

As part of its earnings release yesterday, Apple also announced that it will be initiating a four-for-one split of its stock in late August. The move will drop the price of a single share of the company's stock to around $100, before accounting for any changes in price between now and the effective date for the split. Current owners of Apple stock will receive three additional shares for each share they own.

Article Link: Apple's Stock Price Officially Crosses the $400 Mark

 

[borntrouble]

crack-up boom.

 

[Stiss]

The bounce back is quite incredible but not unexpected. You'd be a fool to have sold shares late March or early April.

 

[GBrooks]

But guys, I thought “aPpLe iS DoOmEd tO fAiL”?

 

[Abazigal]

As always, one bets against Apple to their own detriment.

 

[nylonsteel]

Do your own diligence
can't predict future
but feels good to own aapl

 

[MacFather]

23 years ago.

View attachment 939213

 

[zubikov]

There's roughly $1,800,000,000,000.00 of Apple stock floating around out there. WOW! It's hard to fathom just how much money is bought into AAPL, and how many countries on Earth are worth less than that.

 

[FelixDerKater]

Time for another split?

 

[mattopotamus]

Time for another split?

My exact thoughts.

 

[citysnaps]

A big tip-of-my-cap to Tim Cook and Apple, who have both performed incredibly well in developing, manufacturing, and selling products and services its customers want to purchase. A $2 trillion valuation is not far away.

 

[callmemike20]

My exact thoughts.

They also announced a 4-1 stock split yesterday. It will occur on August 24

 

[7149041]

They also announced a 4-1 stock split yesterday. It will occur on August 24

So my 20 shares (let's say $400 each) will become 80 shares (let's say $100 each) and then I can patiently wait for them to get back to $400 and thus be more rich?

 

[callmemike20]

So my 20 shares (let's say $400 each) will become 80 shares (let's say $100 each) and then I can patiently wait for them to get back to $400 and thus be more rich?

Yes. Same as back in 2014 when they did a 7-1 stock split when the stock was approaching $600

 

[Baymowe335]

Feels good man.

 

[H.E. Pennypacker]

Congrats to those who own a whole 2 shares.

 

[PilotC150]

Yes. Same as back in 2014 when they did a 7-1 stock split when the stock was approaching $600

It actually split at $645. I bought some on the day of the split in June 2014. 300% gain in six years is pretty good, I'd say.

 

[ilikewhey]

truly genuine happy for these who held onto it, its honestly a very safe bet right up there with the s&p500, only reason i sold my shares couple months back because other stocks caught my interest. maybe i'll get some again after the split.

 

[Jefe's MacAir]

When will AMZM split? I bought at $600 and thought it was prime to split then.

 

[MrSmartguy]

I had 10 or 15 shares way back in '96 or '97 - when they were at $11.xx. Sold them because it wasn't going anywhere after almost a year I think. That was before Steve Jobs got into the picture. Gil Amelio was the CEO. I really blew it.

 

[ilikewhey]

I had 10 or 15 shares way back in '96 or '97 - when they were at $11.xx. Sold them because it wasn't going anywhere after almost a year I think. That was before Steve Jobs got into the picture. Gil Amelio was the CEO. I really blew it.

You only blew it if u didn’t reinvest the money in another stock

 

[newyorksole]

And it’s only gonna keep going up.... Wish I had more than I do though.

 

[ryanwarsaw]

And it’s only gonna keep going up.... Wish I had more than I do though.

If it's only going up why not add more?

 

[ryanwarsaw]

It was just reported AAPL has become bigger than Saudi Aramco now.

 

[Mr. Dee]

I feel such regret for not purchasing when it was down in March.