Pre-Order your new iMac now from MacMall (ships Oct 23) & save hundreds in tax: Apple Price Guides updated Oct 22nd (exclusive coupons)
The New AppleInsider App
 


Tuesday, November 26, 2013, 03:24 pm PT (06:24 pm ET)

Apple, Inc. stock closes at $533, highest point since start of 2013

Apple stock closed up nearly 2 percent today, reaching $533.40 for the highest close since the first days of January.



The company's stock is now up slightly from the beginning of 2013 for the first time since plunging $100 per share in January and remaining in the low $400s throughout most of the spring and summer.

Apple took advantage of its acutely low stock price in a buyback program that floated a bond offering to buy back 47 million shares.

The 36 million shares Apple bought back in the June quarter at an average of $444 per share would now cost an additional $3.2 billion to acquire again at the current price.