Apple's Share Price Soars Past the $500 Mark

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After becoming the first U.S. company to reach a market capitalization of $2 trillion last week, Apple's stock continues to soar as investors pour money into the company. Apple's stock officially opened this morning above the $500 mark, up another 3.5% to $515.

aapl 500
Apple and other tech heavyweights have seen their share prices rise significantly since market lows in March, with Apple more than doubling from its low of $224.

Apple's time as a $500+ stock will be short-lived even if it doesn't drop due to market trading, as the company's four-for-one stock split will take place at the close of trading on Friday, lowering Apple's share price to around $125. Apple's overall market value will be unchanged, however, as shareholders will receive three additional shares for each share they currently own.

Tag: AAPL

Top Rated Comments

quatermass Avatar
quatermass
36 months ago
Wow... the whole Epic battle is really hurting Apple.
Score: 28 Votes (Like | Disagree)
Baymowe335 Avatar
Baymowe335
36 months ago

In the past week Apple stock is up 12%. This morning it opened up 3% higher. In the past month the stock is up almost 40%. The only tech stock comparable is Tesla which was up over 13% the past week and 46% in the past month. I am curious what’s driving this. There hasn’t been any change in Apple’s underlying business to warrant a 40% increase in the stock in the past month. Is this sustainable or is Apple (and Tesla) heading for a crash?
Apple has nothing in common with Tesla besides the recent rise in price. Apple has been stupidly undervalued for 5+ years and its earnings power is simply getting the respect it deserved a long time ago.

Apple trades at 35X earnings, completely reasonable for a consumer products company with massive services.

Amazon trades at 90X earnings and Tesla almost has no earnings.
Score: 12 Votes (Like | Disagree)
a m u n Avatar
a m u n
36 months ago
:apple: is unstoppable!

[MEDIA=twitter]1296904410677645312[/MEDIA]
Score: 9 Votes (Like | Disagree)
Baymowe335 Avatar
Baymowe335
36 months ago

I wish stock splits would be required of all publicly traded companies once their stock hits a certain value threshold. Stocks that sit at $1000, $1500, $2000 per share do nothing but keep new investors from sharing in the gains, and re-enforces old money / fat cat traders.

For example, it's absolutely ridiculous that Amazon is currently valued at $3,300+ per share.
The valuation is ridiculous, not the fact it trades at $3300.

You can buy fractional shares.
Score: 8 Votes (Like | Disagree)
bobtem Avatar
bobtem
36 months ago
if only Macrumors tipped us off when AAPL bottomed out at $200 Back in March...
Score: 7 Votes (Like | Disagree)
Mr. Dee Avatar
Mr. Dee
36 months ago
I should have bought more.
Score: 6 Votes (Like | Disagree)
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