Three weeks into the John Ternus era, Apple crosses its highest valuation ever

Apple shares briefly reached $345.34 moments after the market opened today, surpassing July’s intraday record of $344.57. Here are the details. Apple stock reaches all-time-high While Tim Cook appeared poised to hand over the reins to John Ternus with Apple’s valuation at an all-time high, the company’s last quarterly results spooked investors, sending the stock down roughly 10%. Despite continued volatility, Apple gradually recovered some of those losses in the weeks that followed. On the day Cook passed the baton, shares closed at $316.85, giving the company a market capitalization of roughly $4.68 trillion. Soon after Ternus took over, Apple shares fell as much as 3% in the run-up to the “Surprise and Shine” event. Historically, Apple’s stock has tended to react negatively to its September product events. This year, however, the response was overwhelmingly positive, both on Wall Street and among the general public. Today, Apple shares gained roughly 1% to $345.34 after the market opened, briefly pushing the stock past its previous all-time high of $344.57. At the time of publication, Apple shares were trading at $341.80. While it is still far too early to attribute the rally to Ternus alone, Apple shares have steadily climbed over the past three weeks since he took over as CEO, suggesting investors are responding positively to the leadership change and the company’s current roadmap. What’s your take on Apple’s recent stock performance? Let us know in the comments. Worth checking out on Amazon Apple Watch Series 12 Apple Watch Ultra 4 AirPods Pro 3 AirPods 5 AirTag (2nd Generation) – 4 Pack MacBook Neo Logitech MX Master 4 FTC: We use income earning auto affiliate links. More.