Just two days after becoming a $2 trillion company, Apple continues to experience impressive momentum on the stock market, with shares in the company rising around four percent in intraday trading as of writing.
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Apple's stock price is quickly closing in on the $500 mark and has more than doubled since bottoming out at $224 in late March. Despite the global health crisis, the company set a June quarter revenue record of $59.7 billion, buoyed by strong Mac and iPad sales as more people work, learn, and connect with others from home.
Apple recently announced a four-for-one stock split that will take effect for shareholders of record as of August 24, with split-adjusted trading to begin on August 31. This move will not directly affect the company's valuation.
Apple is one of several companies that has seen its stock price surge since March, alongside the likes of Tesla, Amazon, Microsoft, and Google.
Top Rated Comments
Oh, ****, my iPhone!Biggest Ponzi scheme on the planet. Steve would be proud.
You're a member here since 2012 with over a thousand posts but never bought any Apple stock? Very sadBiggest Ponzi scheme on the planet. Steve would be proud.
Looks like someone is regretting not buying AAPL when it was $100/share.Biggest Ponzi scheme on the planet. Steve would be proud.
Good job Apple!
So do I. Didn't get in until 2007 at a split-adjusted price of $17.1786/share. Looking forward to 8/31 when the next split will net me 30000 shares from that initial 2007 investment.I regret not buying them in 2002 when they were trading around $12-$14/share. That was before the 7:1 and 2:1 splits, so that would be a split adjusted cost of ~$1/share today. :-(