AAPL Hits a New Closing High Again at $109.70

Apple's stock price keeps climbing and hit a new closing high on Tuesday at US$109.70. The iPhone and iPad maker's stock has been on a upward trend since before its 7-to-1 stock split earlier this year, and doesn't seem to be showing any sign of slowing down.

AAPL hits another record closing highAAPL hits another record closing high

The company's stock gained $0.87, or 0.80 percent, on Tuesday. Its 52-week trading range sits between $70.51 and $110.30.

Currently, Apple's market cap is at $646.25 billion, making it the single most valuable company in the world.

Apple's stock split happened on June 9th with an opening price around $92 after closing the previous Friday at $645.57. Investors are still seeing gains from their investment because the value of their adjusted shares keeps climbing.

Apple's stock is trading in the pre-market Wednesday morning at $109.42, down 0.28 (0.26%).