Keith Fitz-Gerald, chief investment officer at The Fitz-Gerald Group, analyzes Apple and explains why Palantir stock hit $100 per Varney & Co. share.
Apple on Thursday celebrated the tech giant’s 44th anniversary Initial public offering (IPO) Just days after its market value reached a new all-time high, confirming its growth over the past four decades.
Apple shares The price of gold reached $250.42 during Wednesday’s trading session, an all-time high after a record close of $247.70 at the end of the trading day on Tuesday.
Although it has since fallen from that peak to just under $248 per share during Thursday’s session, the company’s market cap of $3.74 trillion remains near its all-time high.
Apple’s stock rally coincides with the 44th anniversary of its initial public offering, which took place on December 12, 1980. Investors who bought Apple stock at that time — which had a share price of $22 at the time of the IPO — and held it for four decades would have seen growth The value of this investment is enormous.
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Apple celebrated the 44th anniversary of its initial public offering on Wednesday. (Michael Nagel/Bloomberg via Getty Images/Getty Images)
The company conducted five Stock splits Since the IPO, so when you calculate that, the adjusted split 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 stock at the time of the company’s IPO, he or she would have received a total of 45 shares.
| tape | protection | last | It changes | % changes |
|---|---|---|---|---|
| Apple | Apple Inc | 239.59 | +2.26 |
+0.95% |
Apple had three two-for-one stock splits in 1987, 2000, and 2005, as well as a seven-for-one stock split in 2014 and a four-for-one stock split in 2020.
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Apple is the most valuable publicly traded company in the world. (Sean Gallup/Getty Images/Getty Images)
Combined, these divisions have increased Apple’s profits Number of shares By a factor of 224, which means that the first 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 the initial $1,000 investment would now be worth nearly $2.5 million — or $2,499,436.80 to be exact — not counting the reinvestment of dividends, which Apple began offering shareholders in 2012. .
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