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 August 22nd

Fri,3:08 PM
TMO Daily Observations: 2014-08-22
1:37 PM
Win a Canon EOS Rebel T3 DSLR in the Rebel Photographer Giveaway
10:44 AM
Apple Releases OS Yosemite Public Beta 2, iTunes 12 Beta
10:27 AM
Report Claims Apple Scrambling After Last Minute iPhone 6 Screen Redesign
9:32 AM
Apple Adds Humana, UnitedHealth to HealthKit Discussions
8:45 AM
OS X Finder: Customize Your Desktop
Thu,8:02 PM
Week of Who, Day Four: Inspector Spacetime
6:52 PM
Apple Releases Keynote 6.2.2 with ‘Stability Improvements’
6:45 PM
Apple Releases iMovie 10.0.5 for iCloud and iMovie Theater
6:27 PM
Antminer S3 453 GH/s Bitcoin Mining Rigs Improve Energy Efficiency
6:13 PM
TMO Daily Observations: 2014-08-21
5:20 PM
Apple’s Stock Holds Above $100 with New Record Close
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!