Apple’s Stock Closes at Record High

| Apple Stock Watch

Apple Computeris stock closed at another all-time high today, ending the trading session at $71.60, a gain of 3.78 (+5.57%) on strong volume of almost than 29 million shares trading hands. The stock has more than doubled since July of 2005, when it was trading at $35 per share.

AAPL, along with Intel, helped lead a broader rally as the Dow Jones, NASDAQ, and S&P 500 all posted gains. Intel was helped by news that PC manufacturing has seen an earlier boost than anticipated this holiday season. Bear Stearns raised its revenue forecast for the company from $10.6 billion to $10.7 billion for the December quarter.

Banc of America also noted that early delivery of Intel-based Macs from Apple could boost Intelis earnings by as much as 4 cents per share, news that likely helped push Appleis stock, too.

*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article. ?

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