Apple AAPL, (+0.82%) closed up 0.8% at a record $176.21 Wednesday, which was Apple’s fourth consecutive record close. Wednesday, November 8, 2017 also marked an all-time intraday high of $176.24 — passing the $175.29 mark needed to hit $900 billion (based on 5,134,312,000 shares outstanding).
At the close Wednesday November 8, 2017, Apple is now valued at just over $904.72 billion. About 23.9 million shares exchanged hands, under the 52-week average daily volume of 28 million shares.
With current outstanding share counts, Apple will reach the $1 trillion mark when shares trade above $194.77, which is $18.56 above today’s closing. The trillion dollar record is possible by the end of the year.
Apple’s market capitalization briefly passed $900 Billion on Wednesday, November 3, 2017 — the same day its $1,000 iPhone X was available for sale in stores. Last week, Larry McDonald, of The Bear Traps Report and head of U.S. macro strategies at ACG ANalytics believes that Apple’s stock if too far and too fast ahead of its latest earnings report.
Apple passes $900 billion in market cap but strategist says it’s a ‘screaming sell’ https://t.co/qIaaCtr0hQ
— CNBC (@CNBC) November 2, 2017
Apple’s market cap briefly passed the $900 billion mark today https://t.co/KZ18JLnECN pic.twitter.com/8bugDboXXj
— Bloomberg (@business) November 3, 2017
Apple officially became the first company to top a $900 billion market cap. Here’s where it would hit $1 trillion: https://t.co/FvoJzp62E7
— MarketWatch (@MarketWatch) November 8, 2017
Apple’s market cap briefly passed the $900 billion mark https://t.co/KZ18JLFg1n pic.twitter.com/LXrsQeJbLK
— Bloomberg (@business) November 3, 2017
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Thursday: A chance of rain before 10am, then a slight chance of showers after 10am. Mostly sunny, with a high near 66. Southwest wind 5 to 9 mph. Chance of precipitation is 50%. New precipitation amounts of less than a tenth of an inch possible.
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Friday Night: Partly cloudy, with a low around 48.
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Tuesday: Sunny, with a high near 62.
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