Apple will be joining the Dow Jones Industrial Average taking wireless carrier AT&T’s spot on the famed stock market index, CNBC reports. The change will take place in just under two weeks at the end of trading on March 18th. The Dow is heavily viewed as being indicative of the overall stock market performance in the United States, and Apple’s rising stock price will soon be a significant factor to that number.
Trading Stories March 6, 2015
Trading Stories February 10, 2015
Apple becomes 1st company ever to close at market cap of over $700B (AAPL)
Update 2/11: After passing $700 billion in market capitalization yesterday, Apple has been trading up as high as $124.43 a share raising market cap over $720 billion.
Apple’s stock price closed up 2.3 points today to close at 122.02 giving the Cupertino company that was on the verge of bankruptcy less than 2 decades ago, the highest market cap of all time. The closing market cap of $710B reflects significant growth since it hit a recent low of a split-adjusted 56 in mid-2013.
To put it into perspective, Apple is now valued at $100 for every man, woman and child on the face of the earth.
Speaking of AAPL, Tim Cook is at Goldman Sachs today discussing Apple’s recent success and announcing a industry first Solar farm that will offset all of Apple’s California electricity use including its Campus 2, offices and 40 retail stores.
And on that note, First Solar, the company that is partnering with Apple on the Solar Farm is up almost 10% on the news.
Trading Stories February 4, 2015
AAPL shares set new closing high record reaching $119.56
Update: 2/5 closed above at $119.94.
Apple stock closed at an all-time high today ending trading at $119.56 per share after climbing past its previous trading high of $120 per share to 120.51 per share during morning trading. The price also exceeds Apple’s previous opening record high of $119.27 per share setting that record up to be broken as well.
Trading Stories December 11, 2014
For several years, my grandmother has encouraged me to get involved with the stock market. While she was successful at persuading my older brother into investing in penny stocks, I have never taken the initiative to learn how the stock market truly works. For that reason, I was excited when I heard about a brand new app called Robinhood, which provides zero-commission stock trading at your fingertips.
While online brokers are nothing new, with existing firms such as Interactive Brokers and E-Trade, Robinhood is a mobile-first service that doesn’t require a desktop. Whether you are a twenty-something college student that doesn’t fully understand how the stock market functions, an experienced Wall Street stock trader, or fall somewhere in between, the app makes stock trading easier for the masses. expand full story
Trading Stories November 6, 2014
GT Advanced’s recent trading activity under investigation by SEC following bankruptcy filing
GT Advanced disclosed on Thursday that the U.S. Securities and Exchange Commission is seeking information about the sapphire glass maker’s trading activity since January 2013 after it filed for Chapter 11 bankruptcy last month. GT Advanced’s latest Form 8-K report claims that the company is fully cooperating with the SEC during its investigation.