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Tuesday, February 28, 2012

Apple stock prices outlook feb 29 2012

Apple stock prices outlook feb 29 2012 : Apple’s historic rally has put it on pace to crack a fairly exclusive group: the $500 billion market-cap club.

The stock marched 1.8% higher on Tuesday and closed at $535.41, another all-time high. The gains propelled Apple’s market capitalization up to $499.2 billion, according to FactSet Research. A slim gain tomorrow could push the stock’s value above $500 billion.

For Apple, news that the iPad 3 will be unveiled next week pushed the stock to fresh highs. Apple invited reporters to a March 7 media event in San Francisco in which its latest iPad is expected to be announced.

Apple shares are up 32% this year, a stunning run for most stocks, let alone one of Apple’s size.

To put the company’s market cap in perspective, S&P’s Silverblatt says Apple there are only 19 countries in the world with more than $500 billion in gross domestic product. 

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