Apple stock tops $100 per share; the next Google?

Summary:It's tough to say exactly what is causing the climb, but Apple, Inc.'s (NASDAQ:AAPL) stock price topped the US$100 mark today closing at US$103.

AAPL Stock PriceIt's tough to say exactly what is causing the climb, but Apple, Inc.'s (NASDAQ:AAPL) stock price topped the US$100 mark today closing at US$103.92, up US$3.11 or 3.09 percent.

Our favorite fruit company is mostly likely riding the wave of the Dow's 23rd rise out of the last 26 sessions (the longest such streak for the blue chip stocks since 1944) and Alcoa's US$30 billion hostile takeover bid for rival Alcan. Today's US$103.92 close for Apple set a new high for the year.

Now that it's in triple digits it should be interesting to see what the launch of iPhone does to the company's stock price. 

You can keep track of Apple's share price with Jon Shilling's nifty AAPL Stock Dock 2.3 (free, pictured) application. It's green when the price is up and turn red when the price is down.

Topics: Google

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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