Apple Trades Above $700 for First Time Ever, in After-Hours Trading

The official all-time high in shares of Apple Inc. (NASDAQ: AAPL) is currently now $699.80 and the prior 52-week range before today was $354.24 to $696.98. That was then … In the after-hours trading session on NASDAQ we are seeing that Apple is trading above that $700.00 mark. Thomson Reuters has an official consensus price target of $757.15 for Apple. The hype surrounds the iPhone 5 for now of course, particularly since Apple sold out 2 million iPhone 5 units on its website in the first 24 hours. It doesn't matter that some orders are being pushed out until October for delivery now. Apple has also been mum on this Apple TV initiative that has been the greatest leaked product secret in the world.

What more is there to say. "Apple traded north of $700!"

Most traders and analysts believe Apple will trade higher. Some think Apple will trade much higher, say to $850, $900, or even into the $1000 level.

Stay tuned. This is merely a price alert, which in media terms would be a public service announcement.

Filed under: 24/7 Wall St. Wire, Active Trader Tagged: AAPL