Apple Stock Prices Reach Highest Level Since January

27 November 2013 6:33 PM

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Apple, Inc.’s (NASDAQ: AAPL) stock prices are truly rallying following the release of the iPhone 5S, iPhone 5C, iPad Air and iPad mini with Retina Display, as the manufacturer reached its highest level since early January, going as high as $533.40 per share in yesterday’s trading. And it looks like Apple is keeping that momentum going today, as AAPL stock is presently valued at $544.36, an increase of 2.05 percent ($10.96) over yesterday’s closing price.

Of course, it was also in January when Apple stock prices had nosedived by $100 per share, and in the months ahead of the iPhone 5S and iPhone 5C launch, AAPL shares were valued at around $400. There were even some points in the summer where stock prices were below the $400 threshold, marking a dramatic reversal from its late 2012 boom period ahead of the iPhone 5’s release date. After hitting bottom in the summer, Apple launched a buyback program that involved an offer for the repurchase of 47 million AAPL shares.

As a point of comparison, the 36 million shares bought back in the second quarter of calendar 2013 would now be worth an additional $3.2 billion if acquired right now at the present stock price.; those shares were repurchased at an average $444 per share.

Source: highlightpress.com

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