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March 05, 2004
Apple stock hits 52-week high
Posted by Sandy
Day Two of very active trading in AAPL. Reuters says:
Shares of Apple (AAPL: Research, Estimates) rose $1.58, or 6.3 percent, to $26.74 on the Nasdaq. Volume was 27.5 million shares, more than five times its three-month daily average. The stock has climbed 25 percent so far this year. Earlier, the shares rose as high as $27.49.
It's not immediately clear why Apple stock was so active today, although solid iPod mini sales and speculation about a Sony takeover (not likely) appear to be the cause.
In fact, it's been more like two years since Apple's stock price was this high.
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