The Apple Stock closed at $99.02 yesterday. In pre-market trading AAPL is up .35%. Is the Apple Stock passing the $100 for the first time after the stock split?
The Apple stock is on a roll the last weeks. Yesterday the Apple stock closed at $99.02. This is less than a Dollar from the big $100 mark. Pre-market trading is positive on AAPL and it stands right now at $99.36. Chances are high that today, July 29, 2014, is the day that the Apple Stock is passing the $100 mark for the first time after the 7-to-1 stock split.
Apple split the stock in early June. There was not much movement in June, but the stock started to climb steadily in July. Apple reported solid numbers for Q3 a couple days ago that helped fuel the momentum.
Earlier today, Apple released new upgraded MacBook Pro models.
If AAPL is already going over $100 in the middle of summer, what will be possible after the crucial Holiday quarter when Apple sold us new iPhones and iPads and possibly iWatches?
So watch the Apple Stock today as it likely goes 3-digits again today.
Disclaimer. I own Apple Stock.