The AAPL stock is trading at close to $600 in pre-market trading ($599.32) ahead of Apple's announcement on what the company plans to do with its $100 billion in cash. A dividend announcement would likely put the Apple Stock on a rocket today.
As reported some analyst see the Apple Stock hitting $1,000 within a year. Today Apple will hold a conference call to unveil their plans with the enourmous amount of cash Apple has amassed. We are talking close to $100 billion. If Apple announces a stock dividend than will pass the $600 mark for good. It trading over $600 already and is in pre-market trading just below $600.
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Apple has announced a Dividend.
We also expect that Apple will announce the new iPad launch sales numbers this week. That alone would push the AAPL stock over $600.
Disclaimer: I own Apple Stock.