As Apple’s hoard of cash continues its epic rise to the $100 billion level, the company’s stock price seems to be languishing in the upper $300 range. And while most companies would kill for Apple’s market cap – second only to Exxon – there’s no getting around the fact that Apple’s share price is abnormally […]
Continue reading...Friday, December 9, 2011
Comments Off on Newly elected Apple board member Bob Iger purchases $1 million in Apple shares
Apple three weeks ago made some adjustments to its Board of Directors when it announced that longtime board member Arthur Levinson would become Chairman of the Board and that it had also tapped Disney CEO Robert A. Iger to become a new member of the board. Tim Cook had this to say about Iger in […]
Continue reading...Thursday, December 8, 2011
Comments Off on Slew of analysts increase iPhone sales estimates for holiday quarter
During Apple’s most recent earnings conference call, CEO Tim Cook predicted that the current holiday quarter would prove to be the company’s most successful yet with respect to iPhone sales. And so far, there’s no reason to think otherwise. The iPhone 4S stormed out of the gate with a record 4 million units sold in […]
Continue reading...Saturday, October 15, 2011
Comments Off on Apple shares hit all-time closing high of $422 thanks to successful iPhone 4S launch
The iPhone 4S is on track to be the most successful iPhone to date. Yesterday, AT&T said that the iPhone 4S saw more launch-day activations than any other iPhone in history. Sprint meanwhile said that the iPhone, in just 12 hours, had already become its most successful product launch in company history. Taken together, Wall […]
Continue reading...Tuesday, October 11, 2011
Comments Off on Apple’s share price relative to a new iPhone launch
With the iPhone 4S set for release on October 14, we looked back at previous iPhone launches and compiled a chart tracking Apple’s stock performance in the weeks and months after launch day. As the chart below indicates, Apple’s stock price four months after launch day tends to yield the best return on investment. The […]
Continue reading...Tuesday, September 27, 2011
Comments Off on Barclays analyst Ben Reitzes ups stock target for Apple shares to $555
On September 6th, Apple shares were trading $369.90. But over the past few weeks, Apple shares have enjoyed a meteoric rise to +$400 levels, reaching as high of $422.70 last Tuesday. Notably, many analysts believe that Apple’s stock price is poised to rise even further.
Continue reading...Friday, September 23, 2011
Comments Off on Goldman Sachs raises 12-month Apple stock target to $520
Apple shares have risen with breakneck speed over the past few weeks, reaching an all-time high of $422 this past Thursday. Still, it may not be time to sell your Apple stock just yet as shares may continue to climb upward into the lower $500 level. In a recent research note to investors, Goldman Sachs […]
Continue reading...Wednesday, September 21, 2011
Apple shares have been on an absolute tear this week. On Monday, Apple shares climbed nearly 3% to close at $411.63, an all-time high for the company at the time. On Tuesday, investors kept the rally going as Apple shares surged ahead $1.82 to close at $413.45, besting the previous day’s all-time high. Also impressive […]
Continue reading...Tuesday, September 20, 2011
Comments Off on Apple shares break $410 for first time in company history
Shares of Apple yesterday climbed $11.13, closing out the day at $411.63 which marks the highest closing price for Apple shares in company history. In intraday day trading, the stock reached an all time high of $413.23. There were no conspicuous factors behind the sudden climb, but we have to imagine that the impending announcement […]
Continue reading...Monday, September 19, 2011
Comments Off on Why stock splits, stock buybacks and dividends don’t make sense for Apple
With Billions of dollars in the bank, Morgan Stanley analyst Katy Huberty recently issued a research note claiming that Apple will either issue a dividend or initiate a stock buy back. Huberty confidently writes, “We believe Apple is more likely than ever to return cash to shareholders.” This of course flies in the face of […]
Continue reading...Thursday, September 8, 2011
Comments Off on Apple’s stock price under the reign of Steve Jobs
A picture is worth a million words, or perhaps in this case, a million bucks – many times over. With Steve Jobs at the helm of Apple since 1997 (though he wasn’t officially the CEO until a few years later), Apple reemerged as one of the most innovative and emulated technology companies in the world. Its […]
Continue reading...Saturday, August 27, 2011
Comments Off on Apple board awards Tim Cook 1 million restricted shares of stock if he stays until 2021
With Tim Cook now firmly at the helm at Apple, Apple’s board of directors have made him an offer he can’t refuse. Specifically, MacRumors reports that Apple recently filed a form 8-K with the SEC as a result of the change in their executive leadership. 8-K’s must be filed anytime there is a material change […]
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Tuesday, December 20, 2011
Comments Off on Apple may issue dividend in early 2012 – Rumor