All items tagged with "AAPL"

‘Unusual’ trading spurs sharp drop in Apple shares

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Apple shares took an inexplicable beating from investors on Monday morning, leading to the stock’s single biggest fall since January 28th, 2014. And no one really know why.

An unusual spike in trading volume this morning sent the price of AAPL shares falling as much as 6.4 percent to $111.27 in early trading this morning, leading to a loss of more than $40 billion in market value in just a few minutes.

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Apple reaches record $700 billion market cap

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Yep, Apple’s worth a whole lot of money right now. As if you didn’t know that already. Photo: Pierre Marcel/Flickr CC

AAPL shares sure have experienced a crazy roller coaster ride this year. Splitting 7-to-1 earlier in 2014, a fantastic run of product launches and announcements since then has driven Apple stock higher and higher. Earlier this month we noted that Apple was now worth more than the entire Russian stock market, and today it has hit a personal-best market cap of $700 billion.

This happened as Apple’s share price rose to the $119.65 mark, bringing it to a pre-split price of $837.13. For those keeping tabs at home, not only is this better than Apple’s last high point, when it was valued around $650 in late 2012, but it also represents a massive 50% increase since January this year.

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Big investors think Apple could hit $1 trillion market cap in 2015

Photo: Columbia Pictures

Apple could be set for a trillion dollar valuation in 2015. Now that’s cool. Photo: Columbia Pictures

“A million dollars isn’t cool,” says Justin Timberlake’s Sean Parker during one scene in The Social Network. “You know what’s cool? A billion dollars.”

If that’s the case, then people are going to need to come up with new words to describe Apple, because according to some of Wall Street’s best and brightest, the company could hit a trillion dollar valuation as early as next year.

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Apple shares hit new all-time high for third day in a row

Photo: Buster Hein

Photo: Buster Hein

Buoyed by expectation-defying earnings, Apple Pay, and an apparently insatiable demand for the iPhone 6, AAPL stock closed Wednesday at a new all-time split-adjusted high of $107.3.

Apple was trading at $92 at the time of the 7-to-1 split, which means that its current value is up by more than 10% since the division earlier this year. According to Google Finance, Apple ended the day with a market cap of $626 billion, and $629.67 billion as per Yahoo Finance.

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Apple locks up top execs until 2019 with $27 million golden handcuffs

Photo: H. Michael Karshis/Flickr CC

The only handcuffs that presumably come with a free Apple Watch and iPhone 6 thrown in. Photo: H. Michael Karshis/Flickr CC

Apple will be holding on to its top executives until at least 2019, if the granting of new stock options by the Apple board has anything to do with it.

Angela Ahrendts, Eddy Cue, Phil Schiller, Craig Federighi, CFO Luca Maestri, VP of hardware engineering Daniel Riccio, lawyer Bruce Sewell and COO Jeffrey Williams all received stock grants potentially valued at a total of $27 million, based on the high closing price of AAPL stock Thursday.

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Top Apple execs sell $143 million worth of stock

Tim Cook, Phil Schiller and others sold Apple stock at a time when it was hitting record highs.

Tim Cook, Phil Schiller and others sold Apple stock at a time when it was hitting record highs.

Five top Apple execs — including Tim Cook and Phil Schiller — unloaded $143 million AAPL shares as part of a 10b5-1 planned sale, according to a new report from Barron’s.

Cook sold 348,425 Apple shares for $35,250,297, while Schiller dropped 348,846 shares for $35,256,000.

Other Apple higher-ups who did the same include CFO Luca Maestri, who sold his entire direct holdings for $1,631,286; Jeffrey E. Williams, senior vice president of operations, who raked in $35,233,446; and Bruce D. Sewell, general counsel and senior vice president of legal and government affairs, who made $35,393,915 on the deal.

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AAPL was 2nd most purchased stock by hedge funds in Q2 2014

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AAPL is back in a big way. After breaking an all-time high of $100.53, the price of Apple shares have continued to climb upward, and according the a WSJ report, hedge funds are piling onto the stock in droves.

Over the second quarter of 2014 henge funds have purchased $855 million in new positions in Apple, giving AAPL the second highest level of new buying activity among S&P 500 stocks.

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AAPL is back: stock closes at all-time high of $100.53

AAPL100

AAPL shares have finally completed the long climb back to 2012 levels today, closing at an all-time high of $100.53 per share.

The stock’s 1.4 percent rise today was aided by bullish reports from both RBC and Morgan Stanley claiming Apple’s Fall lineup is going to be more extraordinary than ever this year as Apple puts the final preparations on the iPhone 6.

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Tomorrow’s Apple earnings are just the calm before the storm

Tim Cook leaves the stage at the end of the 2014 WWDC keynote. Photo: Roberto Baldwin/The Next Web

Tim Cook onstage at WWDC 2014. Photo: Roberto Baldwin/The Next Web

Don’t expect anything too exciting from Apple’s third quarter earnings tomorrow.

This is Apple’s slowest part of the year. The summer slump means no new hardware, which means no explosive sales growth. But that’s alright, because the best is yet to come.

Tim Cook and co. have promised that truly epic things are coming in the fall, and Wall Street is actually excited about Apple again.

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AAPL stock splits 7-to-1, opens trading at $92

Cash-Money

Do not adjust your sets: Despite finishing Friday at $645, Apple stock will open today at around $92. This is the result of a 7-to-1 stock split, which will see the price of the stock divided by seven and shareholders of record awarded six additional shares on top of their existing holdings.

Apple announced the split earlier this year in what we referred to at the time as an “earth-shattering earnings call.”

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