Apple’s Stock Continues Record Streak with $464 Close

| Apple Stock Watch

Shares in Apple Inc. (AAPL) continued their record streak with a new closing high on Monday. The stock ended the day at US$ 463.97, a gain of $4.29 (+0.93 percent), on light volume of 8.8 million shares trading hands, giving the company a market capitalization of $432.6 billion, meaning that Apple is still the world’s most valuable company.

AAPL Chart

AAPL Chart for February 6th
Source: Yahoo! Finance 

AAPL has gained almost $59 per share since the end of 2011, when the stock closed at $405, for a percentage gain of 14.6 percent in just over one month. Looking back to August 25th of 2011, the day after Apple cofounder Steve Jobs resigned as CEO and former COO Tim Cook took over the official reigns of the company, AAPL has gained $90.25 per share, or 24.1 points.

The company has been buoyed by a blowout December quarter and persistent rumors that the firm will be updating its popular iPad soon. There have also been a variety of stories about Apple entering the TV market with some sort of Apple-branded television set.

While AAPL moved higher on Monday, each of the major indices edged slightly lower. The DOW ended the day at 12845.13, down 17.10 (-0.13 percent); the NASDAQ ended the day at 2901.99, down 3.67 (-0.13 percent); and the S&P 500 closed at 1344.33, down 0.57 (-0.04 percent).

For those interested in the market cap battle with current #2, Exxon Mobil (XOM) ended the day at $85.75, up $0.83 (+0.98 percent), on light volume of 14.8 million shares trading hands. The energy giant is now worth $411 billion.

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

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Comments

ibuck

If someone told you AAPL would go up $90/share in the 5 months after Jobs’ death, would you have believed them?

Would you have invested in AAPL based on such optimism?

Garion

If someone told you AAPL would go up $90/share in the 5 months after Jobs? death, would you have believed them?

No! I wouldn’t! I can hardly believe how Apple stock has soared since Steve’s death. Steve’s death was the big unknown factor, when talking about how well Apple would be doing in the months and years to come.
Looking back it’s amazing how little his premature departure has impacted Apple’s results and stock. Well, they’ve both reached all time record highs since Steve’s death, for crying out loud! That’s crazy.

RonMacGuy

Sad to say, but in my opinion it actually points to a bit of rational thinking on Wall Street. Seeing past the man who everyone thought WAS Apple to now the company who has matured enough to run without him.  The big question will be, once the 3-4 year window of products developed with the direct touch of Steve Jobs have run their course, will the Apple leadership at that time continue to run Apple properly?  So far it looks promising, but things can change very quickly.  Just hope that if things decline in the future that I see it in time to sell my AAPL prior to any huge drops!!

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