Apple at All-Time High, Pushing Nasdaq Toward 3,000 (AAPL)
Shares of Apple Inc. (NASDAQ: AAPL) hit an all-time intra-day high of $534.62, likely due to the announcement of next week’s San Francisco event at which an iPad 3 is expected and — perhaps — a new version of Apple…
Shares of Apple Inc. (NASDAQ: AAPL) hit an all-time intra-day high of $534.62, likely due to the announcement of next week’s San Francisco event at which an iPad 3 is expected and — perhaps — a new version of Apple TV as well.
The Nasdaq Composite posted a high of 2,988.59 before falling back. Apple accounts for nearly 11% of the index, so it’s no big surprise that Apple is pushing it higher.
With about an hour of trading left today, Apple is up 1.5% at $533.47 in a 52-week range of $310.50-$543.62. The Nasdaq composite has given a little back, now resting at 2,978.25.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
