Shares of Apple hit new 52-week high days before 7-for-1 stock split

Posted:
in AAPL Investors edited February 2015
With less than a week to go not only before Apple's Worldwide Developers Conference keynote, but also a forthcoming 7-for-1 stock split, investors pushed shares of the iPhone maker to a new 52-week high on Tuesday.


The New York Stock Exchange, credit Carlos Delgado via Wikipedia.


Shares of Apple closed the day at $625.71, up $11.58 from their previous close of $614.13. That marked the highest closing price for AAPL stock in the last year.

Apple is still a long way off from its all-time high of just north of $700, reached in September of 2012. Following that, shares of Apple tumbled throughout late 2012 and early 2013.

The iPhone maker has mounted a major comeback in recent weeks, hot off the success of a strong second fiscal quarter of 2014, and riding high on investor anticipation for new products. Apple broke the $600 threshold earlier this month.

Apple's 52-week high also comes less than a week before shares of Apple are set to undergo a 7-for-1 split next Monday. Existing shareholders who buy in before the deadline will be awarded six additional shares of AAPL stock, and split-adjusted trading will begin on June 9.

June 2 is also a major day for Apple among non-investors, as the company is set to hold a keynote presentation that will kick off its annual Worldwide Developers Conference. The Monday morning keynote is expected to include the introduction of the next generations of Apple's iOS mobile operating system and OS X Mac platform.
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Comments

  • Reply 1 of 48
    bloggerblogbloggerblog Posts: 2,460member

    I'm not sure why people are buying it right before the split, it's not like they'll be getting a great deal. I'm guessing it'll drop shortly after the split.

  • Reply 2 of 48
    melgrossmelgross Posts: 33,510member
    Or, go up, as small investors jump into the stock.
  • Reply 3 of 48
    SpamSandwichSpamSandwich Posts: 33,407member
    Keep in mind that the entire market is up and AAPL partially benefits from this rise.

    http://www.usatoday.com/story/money/markets/2014/05/27/stocks-tuesday/9620781/
  • Reply 4 of 48
    trubadortrubador Posts: 80member
    I bought some at $592 a few weeks ago, so I'm up $32/share already. I wanted to buy into Apple (tiny as it was) after they announced the coming split and before it went over $600. It hit $600 once, then retreated to $592 just when I bought the shares. I think the price might approach $700 right before the split (or $100 shortly after the split).
  • Reply 5 of 48
    phone-ui-guyphone-ui-guy Posts: 1,019member
    Quote:

    Originally Posted by bloggerblog View Post

     

    I'm not sure why people are buying it right before the split, it's not like they'll be getting a great deal. I'm guessing it'll drop shortly after the split.


     

    I'm sure many are buying before the WWDC announcements more than anything.

  • Reply 6 of 48
    carthusiacarthusia Posts: 583member

    Where are all the whiners that were calling for Tim Cook's head a year ago?

  • Reply 7 of 48
    newbeenewbee Posts: 2,055member
    Quote:

    Originally Posted by Carthusia View Post

     

    Where are all the whiners that were calling for Tim Cook's head a year ago?


    Waiting for WWDC so they'll "have new ammunition". /s

  • Reply 8 of 48
    The split date and record date are not well understood by journalists. It doesn't matter whether you buy Apple shares after June 2nd. All shares bought between June 2nd and June 9th will get 7 shares for every share owned. June second is not a deadline of any kind.
  • Reply 9 of 48
    SpamSandwichSpamSandwich Posts: 33,407member
    Quote:
    Originally Posted by Carthusia View Post

     

    Where are all the whiners that were calling for Tim Cook's head a year ago?


     

    They never leave. They sow FUD full-time. They're FUD farmers.

  • Reply 10 of 48
    gtrgtr Posts: 3,231member
    Why are they called shares when we have to pay money to get them?

    ;)
  • Reply 11 of 48
    SpamSandwichSpamSandwich Posts: 33,407member

    Apropos of nothing:  http://tech.fortune.cnn.com/2014/05/21/american-express-ceo-ken-chenault-theres-a-25-trillion-opportunity/

     

    Will Apple introduce the "iWallet" at WWDC?

  • Reply 12 of 48
    jkichlinejkichline Posts: 1,369member
    I think what we are going to witness is a transformation of Apple from a tech company into a lifestyle company. The connection of the stock split with WWDC with major acquisitions and hires are no coincidence. This means something big is coming that will transform Apple into another thing entirely.
  • Reply 13 of 48
    SpamSandwichSpamSandwich Posts: 33,407member
    Quote:

    Originally Posted by jkichline View Post



    I think what we are going to witness is a transformation of Apple from a tech company into a lifestyle company. The connection of the stock split with WWDC with major acquisitions and hires are no coincidence. This means something big is coming that will transform Apple into another thing entirely.

     

    Apple has been an aspirational brand for decades. This is really nothing new.

  • Reply 14 of 48
    jkichlinejkichline Posts: 1,369member
    gtr wrote: »
    Why are they called shares when we have to pay money to get them?

    ;)
    Be cause weren't not communists. You own a share of the company. Corporations exist to increase shareholder wealth. You own a piece of that money. If the value of the money goes up, you make money. Pretty simple.

    We could share a car, or an apartment and you'd pay half...
  • Reply 15 of 48
    SpamSandwichSpamSandwich Posts: 33,407member
    Quote:

    Originally Posted by GTR View Post



    Why are they called shares when we have to pay money to get them?



    image

     

    Very funny. <img class=" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />

  • Reply 16 of 48
    gtrgtr Posts: 3,231member
    jkichline wrote: »
    I think what we are going to witness is a transformation of Apple from a tech company into a lifestyle company. The connection of the stock split with WWDC with major acquisitions and hires are no coincidence. This means something big is coming that will transform Apple into another thing entirely.

    Apple has been an aspirational brand for decades. This is really nothing new.

    I agree with jkichline.

    Here's an interesting article about Apple, the soon-to-be-first supercompany:

    http://www.torusoft.com/blog/how-to-recognize-a-super-company
  • Reply 17 of 48
    slurpyslurpy Posts: 5,382member
    Quote:
    Originally Posted by Carthusia View Post

     

    Where are all the whiners that were calling for Tim Cook's head a year ago?


     

    You mean Constable Odo? He made around 1000x posts calling for Cook's head and his resignation- based entirely on the stock price- spamming every fucking thread with his rants - and kept insisting if Cook did not go the stock would keep dropping to below $200. Has he now apologized, or stated that he was wrong? Of course, not. When I turn out to be wrong online I own up to it. But the vast majority, like Constable Odo do not, even if the thing they repeated with confidence a million times, mocking others in the process, turned out to be insanely wrong.  Cook showed himself to be a true leader by not even blinking at the stock fluctuations- he didnt give in to the pressure to announce some bullshit based on the shrieking by investors and analysts. He stayed quiet because of the confidence he has in Apple and what they're working on. 

     

    Whats wrong with saying "I'm sorry, I was wrong" after derailing so many threads with what turned out to be utter garbage?

  • Reply 18 of 48
    lkrupplkrupp Posts: 10,557member
    Quote:

    Originally Posted by melgross View Post



    Or, go up, as small investors jump into the stock.

     

    According to what I’ve read it’s the opposite. Large fund (pension, hedge) ownership is down, waiting to see what products are in the pipeline before jumping back in. I don’t know if we’ll see the traditional drop after announcements we usually do.

  • Reply 19 of 48
    n2macsn2macs Posts: 87member
    jack baker wrote: »
    The split date and record date are not well understood by journalists. It doesn't matter whether you buy Apple shares after June 2nd. All shares bought between June 2nd and June 9th will get 7 shares for every share owned. June second is not a deadline of any kind.
  • Reply 20 of 48
    aaronjaaronj Posts: 1,595member
    Quote:
    Originally Posted by Slurpy View Post

     

     

    You mean Constable Odo? He made around 1000x posts calling for Cook's head and his resignation- based entirely on the stock price- spamming every fucking thread with his rants - and kept insisting if Cook did not go the stock would keep dropping to below $200. Has he now apologized, or stated that he was wrong? Of course, not. When I turn out to be wrong online I own up to it. But the vast majority, like Constable Odo do not, even if the thing they repeated with confidence a million times, mocking others in the process, turned out to be insanely wrong.  Cook showed himself to be a true leader by not even blinking at the stock fluctuations- he didnt give in to the pressure to announce some bullshit based on the shrieking by investors and analysts. He stayed quiet because of the confidence he has in Apple and what theyre working on. 

     

    Whats wrong with saying "I'm sorry, I was wrong" after derailing so many threads with what turned out to be utter garbage?


     

    Personally, I am fairly sure that Constable Odo is somewhere in a dark, dank room curled up into the fetal position, repeating "It can't be!  It can't be!  It can't be!" over and over and over again.  While weeping, of course.

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