Apple Adds $2.7 Billion in Value w/New Record High

| Apple Stock Watch

Shares in Apple Inc. closed at yet another record high Wednesday, ending the day at US$363.13, a gain of $3.23 (+0.90%), on moderately strong volume of 17 million shares trading hands. This added more than $2.7 billion to the company’s market cap, which now stands at $334.5 billion.

 

AAPL Chart

 

AAPL’s gains were part of a broader tech rally led by erstwhile nemesis Dell, which gained almost 12% to close at $15.56, up $1.65 (+11.86%), on extraordinary volume of 108.6 million shares trading hands (average volume of 17 million shares).

Dell surprised the market by reporting a stellar 4th quarter Tuesday, with profits almost 300% higher than expected. That resulted in a series of price target increases and ratings bumps, which fueled the stock’s rise Wednesday. Today’s stock gain boosted the company’s market cap all the way to $30 billion (less than 1/10th Apple’s).

Research in Motion also posted a significant gain Wednesday, ending the day at $68.35, up $3.05 (+4.67%), after Citigroup bumped the stock to a “Buy” from a “Sell.”

*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.  

Comments

jfbiii

OMG AAPL DOOMD

Bosco (Brad Hutchings)

I wonder how this or this will weigh on the stock in the morning. Drudge linked to them.

Yes, I’m already going to hell. Passing on this information won’t make things any worse for me.

paikinho

So far Mr. Jobs has fared far better than the 2 pancreatic cancer patients I had the privilege to help treating. 7 years is quite a run.

I hope he can put his cancer in remission. Pancreatic cancer is a horrible way to go.

d'nomder

OMG AAPL DOOMD

Not doomed, not yet.  But I am starting to see some uncomfortably close similarities to the late 1980’s.

RonMacGuy

Referencing the National Enquirer, Bosco?  Really?  You never cease to amaze me!!

But I bet that the Enquirer is another publisher that won’t be available through iTunes!!

Oh, and I appreciate the link to a page with a news story of “Model who had the biggest breasts in the world in a coma after suicide attempt.”  I really needed an update on that story!!  LOL.

RonMacGuy

Please elaborate on the close similarities, d’nomder.  I’d like to know what you’re thinking here.

RonMacGuy

Yes, I?m already going to hell.

I didn’t think you believed in hell.

jfbiii

Oh…Drudge linked them. You might as well have said, “Dvorak wrote them.” Or “Enderle said it.”

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