AAPL Plays Kissyface with $200
December 22nd, 2009 at 3:42 PM - Apple Stock Watch by Bryan Chaffin
Shares in Apple Inc. danced with $200 per share Tuesday, playing tag with that price throughout the trading day. In early afternoon trading, the stock was trading at $200.02, a gain of $1.79 (+0.90%) on light volume. The gains come amidst renewed rumors of an Apple TV subscription TV service from Apple, as well as a continued tech rally.
Apple's record closing high is $207 per share, set on November 17th, 2009. The $200 level is considered a resistant point, or "psych area," as Briefing.com put it on coverage today.
*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.
2 Observer Comments
Not bad considering it was $200 back in December 2007.
And, since then, the world economy has hit the skids. Let’s look at the numbers, based upon closing prices:
Since Dec 24, 2007:
Dow: DOWN 21.6%
NASDAQ: DOWN 17%
MSFT: DOWN 15.7%
and
AAPL: UP 0.8%.
In 2009, year-to-date:
Dow: UP 15.8%
NASDAQ: UP 38%
MSFT: UP 51.6%
and
AAPL: UP 121%
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Not bad considering it was $200 back in December 2007.