Apple Inc. (NASDAQ:AAPL) stock hits a new high with bullish momentum finally returning as AAPL begins a new week of trading
Apple Inc. (NASDAQ:AAPL) stock has hit a new high to jump start a new trading week today. AAPL went for 12 consecutive trading days without a new high until this morning. Shares of the company dropped like a rock on January 18th after Jobs announced he was taking another leave of absence from day to day operations at the company.
Prior to the announcement AAPL had just set nine new daily all-time highs out of ten, a ratio some companies would sell souls for. Company stock is back to its former ways with a slight gap up this morning, and have so far reached an even $352.85 at 11:13 A.M. Eastern. Jobs essentially had to know his company would be temporarily affected detrimentally, but with Verizon slated to begin selling his product this upcoming Thursday he likely figured things would eventually be taken care of until he returned to active duty.
Apple Inc. (AAPL) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players. The company also sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company has a market value of $322,620,908,050.8001 at the time of writing, with 917,307,000 shares outstanding.