Apple Stock Hits Another Record Closing High at $140.69

Posted in Apple News on 17/03/2017 by Chris Hauk

0

Apple shares hit another closing high in NASDAQ trading on Thursday, reaching $140.69 to beat its previous closing best of $140.46, which was set just two days ago.

Apple Stock Hits Another Record Closing High at $140.69

MacRumors:

A new all-time intraday high of $141.02 was also set by AAPL on Thursday, eclipsing its previous record of $140.75, also set on March 15. Stocks re-opened today at $140.72 and remained steady around the $140 mark.

The figures just add even more of a foundation┬áto Apple’s already solid spot at the top of the heap as the most valuable company. It’s market value now sits around $738 billion. Google’s parent company, Alphabet, sits in second place with a market cap of around $592 billion. Microsoft is good for third with a $500 billion market cap.

Apple’s stock has been rising steadily for the last five months, aided by the report of record-breaking earnings in the holiday quarter.

Some Wall Street analysts have claimed for months that Apple is one of the most under appreciated stocks around. Some expect the Cupertino firm’s stock price to continue to rise, due to optimism about the upcoming release of its 10th Anniversary “iPhone 8.” device. Several analysts have set price targets of between $150 and $185 for the stock.


Author

Chris Hauk

MacTrast Senior Editor, and self-described "magnificent bastard," Chris Hauk owns Phoenix Rising Services and writes for everyone's favorite "bad movie" website, Big Bad Drive-In.

His first Apple product was an iPod Classic 9 years ago, and he has since added a MacBook Pro, a number of iPads, iPhones, and multiple Apple TVs to his collection.

He lives somewhere in the deep Southern part of America. Yes, he has to pump in both sunshine and the Internet.