Keith Fitz-Gerald, Chief Investment Officer of Fitz-Gerald Group, analyzes Apple and explains why Palantir stock is on track to hit $100 a share on ‘Varney & Co.’
Apple celebrated the tech giant’s 44th anniversary on Thursday Initial Public Offering (IPO) Just days later its market capitalization reached a new all-time high, highlighting its growth over the past four decades.
apple stock It hit $250.42 during Wednesday’s trading session, an all-time high, before closing at a record high of $247.70 at the end of the trading day on Tuesday.
Although it has fallen from that peak to just under $248 per share during Thursday’s session, the company’s $3.74 trillion market capitalization remains near its all-time high.
The surge in Apple’s stock coincides with the 44th anniversary of its IPO, which was held on December 12, 1980. Investors who bought Apple stock at the time—which was priced at $22 per share at the time of its IPO—and held it for four decades. That investment would have seen a huge increase in value.
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Apple celebrated the 44th anniversary of its IPO on Wednesday. (Michael Nagle/Bloomberg via Getty Images/Getty Images)
The company has operated five stock splits Since its IPO, so when accounting for them, the split-adjusted basis for Apple stock at the time of the IPO was $0.10 per share.
If an investor had purchased $1,000 worth of Apple shares at the time of the company’s IPO, they would have received a total of 45 shares.
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | Apple Inc. | 239.59 | +2.26 |
+0.95% |
Apple held a trio of two-for-one stock splits in 1987, 2000, and 2005, as well as a seven-for-one split in 2014 and a four-for-one split in 2020.
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Apple is the most valuable publicly traded company in the world. (Sean Gallup/Getty Images/Getty Images)
Overall, those divisions led to Apple’s growth. stock count By a factor of 224, meaning the initial 45 shares purchased for $1,000 44 years ago would have grown to 10,080 shares.
Based on Thursday’s closing price of $247.96, that means an initial $1,000 investment would now be worth about $2.5 million — or $2,499,436.80, to be exact — without accounting for reinvestment of dividends, which Apple began offering to shareholders in 2012. Had started.
