Apple's Stock Off to Fast Start in 2012 with 50-Point Gain in January
With stock trading for January coming to a close today, Apple's performance for the first month of 2012 has been notable, with the company's stock riding strong earnings to a monthly gain of over 50 points that has increased its price by nearly 13%. Much of that gain came alongside Apple's stellar earnings release one week ago, but Apple has continued to drift upward since that time and closed at yet another record high of $456.48 today after touching $458.24 early in the day's trading.
Apple's market capitalization now tops $425 billion, and a weakening of Exxon Mobil's stock price over the past week has enabled Apple to open up a nearly $25 billion lead in the race for world's most valuable publicly-traded company.
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Top Rated Comments
But remember, Apple's view is that it doesn't buy/acquire things it doesn't need, where many companies buy something, like a competitor and then just let it flounder and die where Apple just destroys the competitor with their own product and lets the competitor die on it's own.
What can Apple do with 100B Dollars...pretty much anything it damn well wants to is the correct answer =)
There are lots of articles on what it could buy with that much money...it's pretty staggering. Just do a search for them.
I understand how people can be turned off by high priced stocks ... but it's all about % return. Higher priced stocks and low priced stocks tend to fluctuate the same % amount.
You actually are confused... :rolleyes:
Stop.
In theory, the word "point" is used in reference to dollars, not percentages, but few, if any, people uses "points" to describe stocks on a daily basis. Its cents, bucks, and percents.