Friday, June 2, 2023

Correction: Made A Mistake On Apple's All Time-High Stock Price (AAPL)

In yesterday's "The VIX Settled With A 15-Handle Today" I posted that Apple had set a new all-time high at $180.49 in afterhours trade. That was incorrect. From Barron's, also June 1:

Apple Stock Is Near a Record High. What Could Get It There.

Apple stock has been on a tear this year. With a few catalysts in the coming weeks, the stock could hit an all time high.

Apple stock (ticker: AAPL) has jumped 38% so far year on solid earnings, after stronger-than-expected sales in the the iPhone unit.

The stock is up 1% in Thursday trading to $179.05, which would be its highest close since January 2022, and within striking distance of the all-time high of $182.01, also set that month.

Apple’s annual Worldwide Developers Conference, or WWDC, begins on June 5. The tech giant typically announces its upcoming products at the gatherings, and investors will be keen to hear launches and business updates.

Wedbush analyst Dan Ives told Barron’s that he thinks investors mostly want to hear about the company’s future in artificial intelligence, and any update on that could drive Apple stock higher....


Although not relevant to our thesis (U.S. Equities: Time For An Old-Fashioned Blow-Off Top) it is embarrassing to get a basic fact wrong.

Regret the error.

The stock closed today at $180.95 up $0.86 (+0.48%), so still no there, yet.