AAPL Breaks $170
AAPL Breaks $170
by , 8:50 AM EDT, October 9th, 2007
Apple's stock closed on Monday at US$167.91, but didn't stop there. In pre-market trading Tuesday morning, the company's stock broke the $170 mark.
The Mac and iPod maker's stock as been on a sharp upswing recently. On Friday, the company's stock closed at $161.449, $6.461 below Monday's closing price.
Currently, Apple's market cap is set at $146.02 billion, up from Monday's $140.4 billion. In comparison, Dell closed Monday at $27.95 with a market cap of $62.5 billion.
Apple is currently trading at $170.13, up 2.22 (1.32%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Tue Oct 09, 2007 10:12 am Subject: Irratiional Exhuberance
Like every other Apple lover - I am delighted at the upswing in the share price. But, I am also concerned that this is a bubble waiting to burst. How is Apple going to meet the Street's expectations? We know that Apple always forecasts very conservatively - so it won't be hard to beat the company's Q4 guidance. However, it seems that the analysts are making crazy projections - which all points to a significant sell-off after the report.
Tue Oct 09, 2007 7:56 pm Subject: Apple defies gravity
Tue Oct 09, 2007 11:24 pm Subject: Re: Apple defies gravity
QuoteNeil Anderson wrote:
Apple traditionally goes down after an earnings report. But they hit $171.11 during Tuesday's trading.
Apple hasn't released the earnings report, yet. That will be on Monday, October 22, at 2:00 PM PDT/5:00 PM EDT, after the close of the stock market. TMO's Apple Finance Board will have discussions and live coverage. Ostensibly, you can listen to the conference call online, but it's often hard to get a connection.
Wed Oct 10, 2007 7:26 am Subject: Hey! Buy now! Buy buy buy!
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