The stock took off instantly in after-hours trading on Thursday and that momentum continued when the opening bell rang on Friday. During Friday’s trading session, Apple hit a high of $187 before closing at $183.36 for a gain of $10.33 or 5.97%. With 15,509,763,000 shares outstanding, today’s surge added $160.21 billion to Apple’s market capitalization giving the company a valuation of $2.83 trillion. At the current stock price, Apple would be able to buy back nearly 600 million shares and reduce the number of shares outstanding by 3.9%.
Since Apple’s IPO in December 1980, the stock has soared over 140,000%
The tech giant’s 52-week high was $199.62 and the 52-week low was $164.08 which was reached last month. Even with today’s rally, Apple shares are down $2.28 or 1.23% since the beginning of 2024. Over the last year Apple is up $17.57 or 10.60%. And to show you the advantages of long-term investing, during the last five years, Apple has risen $134.06 or 271.93%. Since its initial public offering in December 1980, Apple’s stock has grown by $183.23 or 140,946% (these figures adjust for several stock splits that Apple announced over the years).
