Apple Closes At New All-Time High Of $106.74

[techbeck]

Slight amendment: Apple closed today at an all-time split-adjusted high. The company traded for a higher per-share price before its split, but today marks Apple?s highest close since its 7:1 share exchange.

 

The company traded in the low 90s following the split, putting its current value up more than 10 percent since the division. Apple ended today worth $618.97 billion, according to Google Finance, and $626.15 billion, according to Yahoo Finance. Use whatever share count you?d like for your own calculation.

 

The company?s split was widely thought to be a move calculated to allow for its inclusion into the Dow Jones Industrial Average, which, due to how it weighs different inputs, would have been distorted by Apple?s formerly high ? in raw dollar terms ? share price. Apple also noted that a lower per-share price would widen the number of people who could buy its shares, saying that it wanted its equity to be ?accessible to a larger number of investors.?

 

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http://techcrunch.com/2014/10/28/apple-closes-at-new-all-time-high-of-106-74/