AAPL Continues Advance, Closes at $358

Shares in Apple Inc. continued their advance Wednesday, ending the day at still another record high of US$358.16, up $2.96 (+0.83%), on moderately strong volume of 17.2 million shares trading hands. This is the second record high closing in a row, both amidst mixed results from other tech stocks.

Apple Chart

Shares in HP gained on the company’s news that it would release a WebOS tablet called the TouchPad sometime this summer. HPQ ended the day at $48.94, up $0.80 (+1.66%), on moderately strong volume of 19.3 million shares trading hands. Investors may also have been interested in HP’s plans to bring WebOS to computers at some point.

In the meanwhile, Microsoft dipped to $27.97, down $0.3125 (-1.10%); Intel slipped to $21.46, down $0.175 (-0.81%); Google ended lower at $616.50, off by 1.88 (-0.30%); and IBM was lower, ending the day at $164.65, down $1.40 (-0.84%).

For those keeping score at home Apple is now worth $330 billion.

*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.