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Apple stock price on monster run

August 19, 2013|By Chris O'Brien | This post has been updated. See the note below for details.
  • Can Apple's stock run all the way back to its peak of September 2012?
Can Apple's stock run all the way back to its peak of September 2012? (Mark Lennihan / Associated…)

Apple's stock price skyrocketed again on Monday, leaving investors rejoicing and wondering just how long this latest bull run can last. 

In mid-day trading, Apple's stock was up $9.80 or 1.95% to $512.13. Last week, after investor Carl Icahn announced he'd taken a big position in Apple, the company' stock also went on a tear. 

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Last Monday, Apple's stock closed at $467.36. Icahn revealed his investment mid-day on Tuesday. The stock closed the week at $502.33.

On April 22, Apple's stock hit bottom at $393.45. The stock is now close to its most recent high of $514.02 on Jan. 23. 

Investors are now wondering if Icahn's investment along with a slate of new iPhones and iPads expected to be unveiled over the next two months will push the stock all the way back to its all time high of $702.10 it hit last September. 

[UPDATED 1:34 p.m. PDT, Aug. 19: Apple's stock closed Monday up $5.41, or 1.08%, at $507.74.]

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