Apple stock surges to 52 week high of $188 a share

Wed, Sep 23, 2009

Finance, News

Earlier today, Apple’s stock price capped off an impressive run by hitting a 52 week high of $188 a share, though it eventually closed out the trading day at $185 a share. The chart below, courtesy of BusinessInsider,  highlights Apple’s run to 180 over the past 11 or so months, and how varying Apple related events impacted the share price, for better or worse.

You can tell below that Apple’s 52 week low occurred shortly after Steve Jobs announced that he’d be taking a 6 month leave of absence from his CEO duties at Apple to focus on recuperating from what was then described as an “undisclosed illness.”

On a somewhat related note, Apple’s stock may surge even higher in the coming weeks in the wake of a decision from the Financial Accounting Standards Board (FASB) which will allow Apple, going forward, to recognize income from iPhone sales all at once, instead of spreading it out over 24 months as it does now.



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