Apple's Stock Price Tops $410 to Reach All-Time High
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.
![aapl_410_19sep11 aapl 410 19sep11](https://images.macrumors.com/t/1y80xCQQ7fF8yuMRp-I7UP2MqDU=/400x0/article-new/2011/09/aapl_410_19sep11.jpg?lossy)
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.
Update: After touching $413.23 late in the trading day, Apple's stock closed at $411.63 per share today.
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