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Apple Stock Receives an iPad 3 Bump

by Sean P. Aune | February 28, 2012February 28, 2012 3:00 pm PST

Apple Stock 02-28-12

Apple’s stock has been on a tear as of late, but even with its recent history, it was pretty obvious the iPad 3 invitation today definitely had an impact.

The stock had already been having a good morning, but then around 12 PM EST the invitations went out, and after a round of profit taking, the stock shot back up again to close out the day with a gain of 1.84%, or $9.65, hitting $535.41.  This is yet another new high for the company, and it sees its market cap hitting $499.20 billion.  That’s still $800 million away from the psychological threshold of $500 billion, or a half trillion dollars, but at the rate it has been increasing as of late, that shouldn’t be an issue.

Just how fast is it growing?  It closed out 2011 at $403.51, a gain of 32% in just 59 days.

Sean P. Aune

Sean P. Aune has been a professional technology blogger since July 2007, but his love of tech dates back to at least 1976 when his parents bought...