Shares of Apple stock closed out the day yesterday at $589.58, but thanks to after hours trading, they opened this morning at $600.
Apple stock closed out 2011 at $403.51, and a mere 75 days later it has seen an almost 50% jump in its value. Some of todays milestone is in part due to the launch of the third generation iPad that is already on sale in Australia, and the rest of it can be placed at the feet of analysts who have upped their price targets into the $710 to $960 range. Any way you look at it, the Apple stock price is steamrolling its way over the rest of the stock market.
Sell orders obviously kicked in when the stock hit $600 as it didn’t stay at that price for long and has since fallen to being down slightly from yesterday’s close on a high volume of shares.