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Author Topic: Apple's Stock Continues Surge With New Record High  (Read 352 times)
HCK
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« on: August 17, 2012, 03:00:29 pm »

Apple's Stock Continues Surge With New Record High
      



      After setting a record high close yesterday, Apple's stock today has extended its strong run that has been in place since last month's disappointing earnings numbers, pushing through to set a new all-time intraday high.  The stock hit a new high of $644.13 per share just minutes ago, besting the previous all-time high of $644.00 set on April 10.





The move has also pushed Apple's market capitalization above $600 billion for the first time since April 10, also marking a 23% increase in stock price since the bottom of this dip came at $522.18 during trading on May 18.



Apple's new all-time high comes a day after the company issued its first quarterly stock dividend since 1995, giving shareholders $2.65 per share as one piece of the company's strategy for handling its massive stockpile of cash.  Investors had been calling for a dividend for quite some time as Apple's cash hoard approached and then exceeded $100 billion, with the company relenting in a March announcement in which the company outlined its belief that it will have enough cash on hand to meet its needs for the foreseeable future.  The company also instituted a $10 billion stock buyback program intended to offset dilution coming from stock grants and employee stock purchases.


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http://www.macrumors.com/2012/08/17/apples-stock-continues-surge-with-new-record-high/
      
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