Apple shares near $700 following iPhone 5 launch

Uncategorized | Saturday September 8 2012 2:34 AM | Comments (0) Tags: , , , , ,

Apple shares near $700 following iPhone 5 launch

Apple ‘s stock keeps soaring higher and higher following this week’s unveiling of the iPhone 5.

Shares are now hovering at around $696, up almost 14 points since yesterday’s close and within a hair’s breadth of the $700 threshold.

The climb began Wednesday during the iPhone event.

Shares started to rise as the event unfolded, reaching $668. Many investors decided to cash in at that point, since the stock fell back down to $657 after the event. But further trading drove the stock up to $669. It jumped still further in after-hours trading.

Yesterday, shares continued their ascent, closing at a record high of $682.98. Reaching new highs today, the stock is within a few points of capturing the $700 mark before day’s end.

But will the momentum last?

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Apple shares near $700 following iPhone 5 launch

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