Apple stock soars to all-time intraday, closing high after favorable verdict

Posted:
in AAPL Investors edited January 2014
Shares of Apple stock reached all-time intraday trading and closing highs on Monday, driven by a favorable ruling in the company's high-stakes patent dispute against Samsung which found the Korean electronics maker liable for over $1 billion in damages.

In the first day of trading since the Apple v. Samsung ruling on Friday, shares of the Cupertino company blew past the former record of $668.87 to reach $675.68 at the end of trading, up $12.86, or 1.88.

AAPL stock opened the day at $676.91 and hit a new intraday trading high of just over $680.87 thirty minutes later.

Apple?s leading market value was boosted over $12 billion to reach $633.39 billion, a contrast to Samsung shares which lost roughly the same amount as its stock tumbled some 7.5 percent on Monday.

The stock surge comes as a direct result of Apple's significant win over Samsung in a patent trial decided on Friday. After just 21 hours of deliberations, the Apple v. Samsung jury returned a judgment, finding the Korean company had violated a number of Apple design and utility patents. The iPhone maker was awarded nearly $1.05 billion in damages while Samsung was unable to successfully argue any of its counterclaims.



Apple has subsequently filed a motion to ban sales of eight infringing handsets, seeking a preliminary injunction ahead of a potential final injunction against the Samsung devices.

For its part, Samsung on Sunday requested that a previous preliminary injunction against the Galaxy Tab 10.1 be dissolved, citing jury findings that the device does not infringe on Apple's D'889 iPad design patent. While the Galaxy Tab was found to be in violation of a number of Apple's software patents, the sales ban was based on the design patent alone. Samsung is asking the court to retain Apple's $2.6 million bond in lieu of a damages hearing.
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Comments

  • Reply 1 of 77
    ivladivlad Posts: 742member


    Apple is DOOMED! SELL SELL SELL!

  • Reply 2 of 77


    As fast as this is growing, the going continues to look strong - new products, potential for royalties, clearer picture (for now) of the competitive threat for, let's just call it, appropriated technologies from competitors. Just amazing. Anyone who says "I wish I bought when..." today will still be saying that in a year.

  • Reply 3 of 77
    cameronjcameronj Posts: 2,357member


    Up 2% is not soaring.

  • Reply 4 of 77

    Quote:

    Originally Posted by cameronj View Post


    Up 2% is not soaring.



    It is when the stock is already worth so much... 2% is a lot. And yes. Soaring.

  • Reply 5 of 77

    Quote:

    Originally Posted by cameronj View Post


    Up 2% is not soaring.



     


    agree but just wait for iphone 5 and ipad mini announcements it will rocket to 730+

  • Reply 6 of 77


    It's nice to see Apple's share price jump above Google's share price for a change.  Now let's see if Apple can hold that for a week or so or will profit-taking rear its ugly head and send Apple shares spiraling back down.

  • Reply 7 of 77
    Why didn't I buy when it was at $280???
  • Reply 8 of 77

    Quote:

    Originally Posted by Constable Odo View Post


    It's nice to see Apple's share price jump above Google's share price for a change.  Now let's see if Apple can hold that for a week or so or will profit-taking rear its ugly head and send Apple shares spiraling back down.





    That's a fairly meaningless comparison. 

  • Reply 9 of 77
    cameronjcameronj Posts: 2,357member

    Quote:

    Originally Posted by Eric Dolecki View Post


    It is when the stock is already worth so much... 2% is a lot. And yes. Soaring.



    Doesn't matter what the base price is.  Whether it's 2000 cents or merely 600 dollars.  Percentage moves are all that matters when considering how "big" a move is.  If you invest $6000 and buy 10 shares, $120 is not a lot.  If you invest $600,000 and buy 1000 shares, $12,000 is not a lot.


     


    2% is not "soaring"

  • Reply 10 of 77
    cameronjcameronj Posts: 2,357member

    Quote:

    Originally Posted by Venerable View Post




    That's a fairly meaningless comparison. 



    Only "fairly" meaningless? ;)

  • Reply 11 of 77
    rayconraycon Posts: 33member



    #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
    Bought at $118 but not many shares, because I didn't have the money at the time. Still, it's fun to watch my stock go up by 575%, and I wouldn't sell it anyway!


     
  • Reply 12 of 77


    Samsung down around $12 billion, Apple up around $12 billion all due to the patent case. The $24 billion patent case heard around the world. And it ain't over yet.

  • Reply 13 of 77
    herbapouherbapou Posts: 2,227member
    ivlad wrote: »
    Apple is DOOMED! SELL SELL SELL!

    I sold all my options at the open. Bought only 1 september option contract and shorted amazon on the weekly.

    I am expecting the market to tank. Anyway if it doesnt i still get a small upside with my sept call.
  • Reply 14 of 77
    herbapou wrote: »
    I am expecting the market to tank.

    Really? Why?
  • Reply 15 of 77
    cameronjcameronj Posts: 2,357member

    Quote:

    Originally Posted by anantksundaram View Post





    Really? Why?


    Probably this tiny little continent called Europe ;)  It's melting down (very slowly) in case you haven't heard ;)

  • Reply 16 of 77
    tallest skiltallest skil Posts: 43,399member


    Originally Posted by cameronj View Post

    Probably this tiny little continent called Europe ;)  It's melting down (very slowly) in case you haven't heard ;)


     


    Unless Germany reintroduces the Mark, I'm pretty sure we'll all be fine.

  • Reply 17 of 77
    melgrossmelgross Posts: 33,253member
    cameronj wrote: »
    Up 2% is not soaring.

    Apple's stock has been soaring. And a 2% rise in one day is pretty good for such a high flier.
  • Reply 18 of 77
    melgrossmelgross Posts: 33,253member
    cameronj wrote: »
    Doesn't matter what the base price is.  Whether it's 2000 cents or merely 600 dollars.  Percentage moves are all that matters when considering how "big" a move is.  If you invest $6000 and buy 10 shares, $120 is not a lot.  If you invest $600,000 and buy 1000 shares, $12,000 is not a lot.

    2% is not "soaring"

    Wrong again! In the stock market, a 2% rise in one day for a major stock is a soar. You may not be happy with that, but it's true nevertheless.

    This is psychological, not monetary.
  • Reply 19 of 77
    cameronjcameronj Posts: 2,357member

    Quote:

    Originally Posted by Tallest Skil View Post


     


    Unless Germany reintroduces the Mark, I'm pretty sure we'll all be fine.



    Keep on thinking that.

  • Reply 20 of 77
    cameronjcameronj Posts: 2,357member

    Quote:

    Originally Posted by melgross View Post





    Wrong again! In the stock market, a 2% rise in one day for a major stock is a soar. You may not be happy with that, but it's true nevertheless.


    Of course I'm happy about 2%, as I own the stock.  But sorry, you don't know what you're talking about.

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