Apple’s Stock Closes Over $400 for Record High

Shares in Apple Inc. closed over the US$400 mark for the first time Tuesday, setting an all-time closing high in the process. The stock ended the day at $403.41, a gain of $+4.91 (+1.23%), on moderately light volume of 17 million shares trading hands.

AAPL Chart

AAPL Chart for July 20th through July 26th
Chart courtesy of Yahoo! Finance

Apple’s market cap is now $374 billion, keeping the company as the second most valuable company on the planet. #1 Exxon Mobil ended the day at $84.37, down $0.20 (-0.24%), with a market cap of $415.6 billion.

AAPL had hit as high as $405 in after hours trading on July 19th, the day the company announced record quarter results for the June quarter. The stock couldn’t hang on to those gains during the regular session, however, until Tuesday’s session.

Apple’s gains came amidst modest downturns in the broader markets, with the S&P (1,331.94, down 5.49 (-0.41%)), DOW (12,501.30, down 91.50 (-0.73%)), and NASDAQ ( 2,839.96, down 2.84 (-0.10%)) all in losing territory.

*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.