Apple 2.0

Covering the business that Steve Jobs built

Apple opens at record high $321

November 9, 2010: 11:18 AM ET

The stock has climbed nearly 65% in the past 12 months

Having closed at an all-time record $318.62 Monday, Apple (AAPL) picked up Tuesday morning where it left off.

It opened at $321 -- itself a record high -- and quickly rose to a new intraday high of $321.30.

In fact, Apple has spent much of the past two months in record territory, thanks to a strong product lineup and a string of impressive quarterly earnings reports.

According to Terry Gregory, a regular at Investor Village's AAPL Sanity board who tracks these things at AAPLinvestors.net, all 20 of Apple's highest closing prices were registered in October or November. Seven of those closes were, at the time, all-time highs.

See his chart below the fold.

UPDATE: Apple was dragged down with the rest of the market and closed at 316.08, down $2.54 (0.80%) for the day -- nearly $5 off its opening price.

Source: AAPLinvestors.net

[Follow Philip Elmer-DeWitt on Twitter @philiped]

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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