• Shares of AAPL Reach New All Time High

    Shares of Apple blasted off into the stratosphere during trading on Wall Street today. And before the day was done, a new record was set.

    As expected in the lingering aftermath of Apple's blowout earnings report last week, on Monday share of AAPL reached new all-time highs. At one point, shares actually touched the $120 level before cooling some, ending the day at $117.60.

    All told, it was a mammoth day for the iDevice maker on Wall Street. Consequently, numerous analysts have already been vindicated in their claims that Apple shares would soon reach $120. Some of the world's largest investment firms and financial institutions now believe Apple will have very little trouble reaching $130 in the near future, if not $160 before year's end.

    The real focus, among investors and analysts, now shifts to China. If sales of iDevices continue to remain strong in China, there will be nothing to stop AAPL from hitting and easily surpassing even the most optimistic of projected price targets today.

    Source: The Street
    This article was originally published in forum thread: Shares of AAPL Reach New All Time High started by Michael Essany View original post
    Comments 1 Comment
    1. Jahooba's Avatar
      Jahooba -
      To be fair, the increase today alone was only something like 0.3%.

      What's really amazing is this: "this stock has surged by 38.78% over the past year"

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