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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

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Close Name:Guest
Tue Oct 09, 2007 9:34 am Subject: Dell is Doomed

Apple should buy Dell, sell off its assets and give the money back to the shareholders.


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Close Name:Dreadnought Posts: 162 Joined: 01 Jan 2005
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.


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Close Name:Neil Anderson Posts: 16 Joined: 24 Jun 2007
Tue Oct 09, 2007 7:56 pm Subject: Apple defies gravity

Apple traditionally goes down after an earnings report. But they hit $171.11 during Tuesday's trading.


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Close Name:gslusher Posts: 2088 Joined: 13 Nov 2002
Tue Oct 09, 2007 11:24 pm Subject: Re: Apple defies gravity

Quote
Neil 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.


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Close Name:Fairly Posts: 25 Joined: 02 Aug 2007
Wed Oct 10, 2007 7:26 am Subject: Hey! Buy now! Buy buy buy!

So the rest of us can cash in on your losses. We're not waiting around for the iApplesauce.


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