Technology update: Apple stock breaks $500

 

Published: February 14, 2012

Technology update

Apple stock breaks $500 barrier

NEW YORK — Apple's stock broke above $500 for the first time Monday. It was the latest step in a rally that began more than two weeks ago, when the company reported staggering sales and profits for the holiday quarter.

The shares hit $503.83 soon after opening, before subsiding to $502.60 in after-hours trading. That was up $9.18, or 1.9 perc...


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