Most of the Apple (NASDAQ: AAPL) news from last week revolved around the company's annual Worldwide Developers Conference, which kicked off with a keynote address on Monday and seemingly did not inspire investors, as share prices slid $1.10 on that day. The stock had a slight mid-week rebound, reaching a high of $130.18 during Thursday's session, but closed Friday at $127.17 for a loss of $1.73 (about 1.3%) on the week.
Apple (NASDAQ: AAPL) shares opened last week on Tuesday $132.60 and promptly fell below the $130 mark, closing the day at $129.62. Their value recovered and then some on Tuesday, surging to $132.04. The share price dropped off over the next two days closing the week at $130.28.
Apple (NASDAQ: AAPL) shares topped $130 by last Monday's closing bell, and stayed there for the rest of the week. The price has broken $130 before, reaching a high of $134.54 just a few weeks ago on April 28th. This is the longest stretch that it has remained above $130 so far. Stocks opened Monday at $128.38 a share and closed Friday at $132.54.
Apple (NASDAQ: AAPL) share prices remained in the upper $120s last week, as they have for several weeks now. Shares opened the week at $127.39 and closed Friday at $128.77 for a little over a 1% gain on the week.
Apple (NASDAQ: AAPL) shares continue to hover in the upper 120s - opening last Monday at $129.50 and closing Friday at $127.62. Shareholders will be the recipients of a record dividend pay out this Thursday (May 14) of $0.52 per share. Expect dividends to continue rising as the company expands its stock buy-back program, to which its board recently approved adding $50 billion.