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AAPL Creeps Towards $154 Again

by , 9:30 AM EDT, September 27th, 2007

Shares in Apple Inc where on the rise in pre-market trading Thursday morning as the company's stock continued its trend of hitting all-time highs. Trading was up to almost $154 from Wednesday's US$152.77 closing price.

Apple shot up over $154 in pre-market trading on Wednesday after closing at record high $153.18 Tuesday evening. The Mac, iPod, and iPhone maker is currently trading in the pre-market at $153.95. up 1.18 (0.77%).

If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Observer Comments

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Close Name:Guest
Thu Sep 27, 2007 11:09 am Subject: Split?

Is this stock EVER gonna split?


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Close Name:vasic Posts: 278 Joined: 09 Aug 2005
Thu Sep 27, 2007 12:28 pm Subject: No split

But it did creep and vault over that $154, which allowed it to remain the biggest computer hardware company (i.e. bigger than HP by about $3 billion).

Not long ago, Steve Jobs was asked about the stock splits. While the company had several of these in the past (as recently as February 2005), he said that he will no longer split it. There is really no point, other than making it a bit more affordable for the investors below poverty line, who cannot afford even $150 for a single share of stock. Perhaps he is hoping to grow Apple the way Berkshire-Hathaway has grown (today's stock price: $129,000 per share!), turning away all but serious investors with plenty of money.

Either way, it's good to be AAPL stock holder. There's still plenty of steam left in it.


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Close Name:Terrin Posts: 414 Joined: 29 Jan 2006
Thu Sep 27, 2007 1:20 pm Subject:

I doubt it. I think Apple will adopt Google's approach of never splitting the stock.


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Guest wrote:
Is this stock EVER gonna split?


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