Apple stock hit the $100 milestone today for the first time since its seven-for-one split back in early June. Apple had been trading around $92 following the split, but had been trending upward, hitting the $100 mark today.
The company is also very close to an all-time high stock price, accounting for the stock split. Apple’s all-time intraday high was set on September 21, 2012 at $100.72 ($705.07 on a pre-split basis), and the all-time high closing price was set just a few days earlier on September 19 at $100.30 ($702.10 pre-split).
Morgan Stanley had released a bullish report on AAPL stock this morning, touting eight reasons why it thinks it’s time to buy Apple shares. The report is thought to have influenced the stock’s push past the $100 milestone.