Apple's Stock Price Tops $410 to Reach All-Time High

[MacRumors]

Even as the broader markets are down so far today, Apple's stock price is up a healthy 2.4% over Friday's close, pushing the stock price to an all-time high of over $410 per share. The jump has pushed Apple's market capitalization to $380 billion, giving the company an approximately $25 billion cushion over second-place Exxon Mobil in the rankings of most valuable companies.

Apple's recent stock performance is evidence of the faith the markets have in Apple even as Tim Cook has officially replaced Steve Jobs as CEO. Apple's stock price initially dropped 5% in after-hours trading following Jobs' resignation but rebounded during regular trading the next day to close down only a fraction of a percentage point. Since that time nearly four weeks ago, Apple's stock is up 15% and is now higher than it had ever been under Jobs.

Article Link: Apple's Stock Price Tops $410 to Reach All-Time High

 

[OrangeSVTguy]

Who ever said apple will die when steve left was wrong !

 

[pgiguere1]

I'm a happy investor.

More money to buy Apple products!

 

[troop231]

The jump in stock price might have something to do with invites going out soon maybe, one can hope!

 

[ECUpirate44]

I have a feeling the analyst predictions will be blown away again this quarter.

 

[Pink∆Floyd]

How high do you guys think Apple's stock will get?

 

[shmeffrey]

I'm a happy investor.

More money to buy Apple products!

I agree, keeps the loop of new iToys going.

 

[Tomorrow]

I'll wait for it to go up another $50, then I'll start buying.

 

[jesses]

Kinda makes me want to learn more about stocks... especially after viewing "Limitless".

 

[daxomni]

How high do you guys think Apple's stock will get?

All the way to the top of the bubble.

 

[epiksol]

The jump in stock price might have something to do with invites going out soon maybe, one can hope!

I believe so. I just posted a similar comment in the previous article. Wall Street insiders normally have more insight than the general public.

 

[iPad 3]

Who ever said apple will die when steve left was wrong !

No one said that.

Steve hasn't left.

 

[AdeFowler]

I wish I had a few AAPL shares

 

[OrangeSVTguy]

How high do you guys think Apple's stock will get?

The skies the limit...

 

[pgiguere1]

No one said that.

Steve hasn't left.

Yes people did, even if they were obviously wrong even at the time.

No, he hasn't left Apple, but he left as the CEO.

Don't play smartass, you know what he meant.

 

[Aduntu]

I'm a happy investor.

More money to buy Apple products!

I agree, keeps the loop of new iToys going.

So you both sold shares today after it reached its new peak?

 

[monoskier]

I'll wait for it to go up another $50, then I'll start buying.

Do you have any understanding of investment strategies?

 

[cvaldes]

How high do you guys think Apple's stock will get?

One year target estimate: $570

 

[OrangeSVTguy]

Do you have any understanding of investment strategies?

 

[studiomusic]

It's about time AAPL started catching up with the rest of the sector...
Of course, it will be down tomorrow.

 

[pgiguere1]

So you both sold shares today after it reached its new peak?

Even if I don't sell them, they still belong to me. I never said I will buy more Apple products now. It's not because it fluctuates that it doesn't represent my money. The USD currency fluctuates too, and you can still call it your money.

And what if I decided to sell some shares today? It's my business, I don't know what's up with the downvoting to be honest.

Do you have any understanding of investment strategies?

I'm pretty sure he was joking.

----------

I'll wait for it to go up another $50, then I'll start buying.

To anyone downvoting this guy:

http://knowyourmeme.com/memes/epic-fail-guy

 

[iPad 3]

Yes people did, even if they were obviously wrong even at the time.

No, he hasn't left Apple, but he left as the CEO.

Don't play smartass, you know what he meant.

lol, its not a case of being a smart arse, its a case of pointing out what the guy said is flatout wrong, steve never left, no two ways about it, he said he did.

 

[murdoc158]

How does the average person go about buying stock in Apple? You can't just go to the iTunes store and add stock to your cart (although this would be awesome). Seems silly to sign up for something like Fidelity just to buy stock in 1 or 2 companies.

 

[Iconoclysm]

All the way to the top of the bubble.

Considering Apple is growing at 50% per year, the stock is probably spot on or less than it should be...

 

[MacSince1990]

Glad we bought this at $12/share in '98. And then again at $98.. and then again at $325