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

by

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
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.

Top Rated Comments

OrangeSVTguy Avatar
OrangeSVTguy
127 months ago
Who ever said apple will die when steve left was wrong !
Score: 18 Votes (Like | Disagree)
OrangeSVTguy Avatar
OrangeSVTguy
127 months ago
Do you have any understanding of investment strategies?

Score: 13 Votes (Like | Disagree)
AdeFowler Avatar
AdeFowler
127 months ago
I wish I had a few AAPL shares :o
Score: 10 Votes (Like | Disagree)
pgiguere1 Avatar
pgiguere1
127 months ago
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.
Yes, there are two ways about it.

1) Steve Jobs left as the CEO of Apple
2) Steve Jobs left Apple completely

He only said "he left". There could be two different interpretations.

Why assume he made the wrong one?
Score: 8 Votes (Like | Disagree)
OrangeSVTguy Avatar
OrangeSVTguy
127 months ago
How high do you guys think Apple's stock will get?

The skies the limit...
Score: 8 Votes (Like | Disagree)
cvaldes Avatar
cvaldes
127 months ago
How high do you guys think Apple's stock will get?
One year target estimate: $570
Score: 7 Votes (Like | Disagree)
Read All Comments

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