The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Stock Hits New 52-Week High

Apple Stock Hits New 52-Week High

by , 12:45 PM EST, November 21st, 2006

Apple's stock reached as high as US$87.97 during Tuesday's trading, before settling at $87.84 as of 12:23 PM EST. $87.97 is a new 52-week high for the shares. At that time, it was up $1.37, or 1.58%, for the day, following a strong recent upward trend since it closed at $78.29 on Nov. 3.

MarketWatch's Rex Crum attributed Tuesday's surge to the report issued by American Technology Research analyst Shaw Wu on Monday. In it, Mr. Wu said that Apple has a second iTunes cell phone with messaging capabilities in development. In addition, he noted strong sales of the new red iPod nano, which could make his estimate of 14 million units sold this quarter a conservative one. Last year, Apple exceeded all analysts' expectations by selling over 14 million iPods during the final quarter.

Digg!

Recent Headlines - Updated May 25th

Wed,3:10 PM
How to Deauthorize All Devices in iTunes 12
Sun,12:13 PM
MGG 554: Sleepy Macs Sometimes Go To Work
Sat,10:30 AM
How to Decide Between a Smartswitch and a Timer for Your Smarthome
Fri,6:47 PM
1987 Apple Promo Video Hints at Hubris of the 1990s
3:29 PM
Blur Premium Privacy Protection Lifetime Subscription: $49.99
2:55 PM
Apple May Finally Be Ready to Reinvigorate the iPad
2:39 PM
Google Study Finds ‘Security Questions’ Next to Useless
1:08 PM
TMO Daily Observations 2015-05-22: Fingerprints to Google and Apple Watch Heartrate Monitoring
11:16 AM
Apple Watch OS Update Reduces Background Heart Rate Monitoring Frequency
10:10 AM
Apple’s App Store Needs Cold Storage
8:30 AM
Apple Watch: Three Tips on Contacting Your Pals
Thu,5:44 PM
Promotional Apple II Video with Steve Jobs, Steve Wozniak, Byte Shop
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!