After setting a record high close yesterday, Apple's stock today has extended its strong run that has been in place since last month's disappointing earnings numbers, pushing through to set a new all-time intraday high. The stock hit a new high of $644.13 per share just minutes ago, besting the previous all-time high of $644.00 set on April 10.
/article-new/2012/08/aapl_644_13.jpg?lossy)
The move has also pushed Apple's market capitalization above $600 billion for the first time since April 10, also marking a 23% increase in stock price since the bottom of this dip came at $522.18 during trading on May 18.
Apple's new all-time high comes a day after the company issued its first quarterly stock dividend since 1995, giving shareholders $2.65 per share as one piece of the company's strategy for handling its massive stockpile of cash. Investors had been calling for a dividend for quite some time as Apple's cash hoard approached and then exceeded $100 billion, with the company relenting in a March announcement in which the company outlined its belief that it will have enough cash on hand to meet its needs for the foreseeable future. The company also instituted a $10 billion stock buyback program intended to offset dilution coming from stock grants and employee stock purchases.
Top Rated Comments
(View all)----------
Anybody know when the best time to buy stock in :apple:? I've just started a new career and would like to learn more about investing.
About 20 years ago.
No regrets though as I sold my shares to pay for my honeymoon and I still have the same value of shares left as I did when I bought them just under a year ago. Thanks Apple! :apple:
Anybody know when the best time to buy stock in :apple:? I've just started a new career and would like to learn more about investing.
Generally you should buy stock just before the price plummets. That way you can most efficiently rid yourself of any money you have and walk the world as a shoeless nomad free from monetary burden.
Come back and thank me when you've reached enlightenment, I'll buy you a pair of sandals to celebrate :)
This doesn't make sense to me. Apple had a very disappointing quarter last quarter, they gave guidance towards an even worse quarter next quarter, and yet their stock is skyrocketing to all-time highs? I don't get it.
Sme analyst just upped the price target to $900; claims the iPad Mini is in production at Foxconn. And of course the iPhone and Apple TV rumors. Typical run up before a product launch. Stock wil drop again when new iPhone is released and it disappoints for not being enough of a game changer an Apple TV rumors don't materialize or what does isn't considered revolutionary.