TradingKey – Apple (AAPL) has nearly $5 trillion worth of reasons to be bullish this week. AAPL crossed the $5 trillion market cap on Tuesday, September 22, but was unable to sustain it. Touching $5 trillion is a significant accomplishment regardless, with Apple’s closing price on the 23rd at $337.02. The real question now is if recent and upcoming releases will allow Apple to keep this market cap, rather than just touch it.
Apple Briefly Crossed $5 Trillion, but Did Not Hold It
On Tuesday September 22nd, Apple reached a new all time high of $345.34 giving the company a valuation of about $5.04 trillion using Apple’s reported July 17 share count. The closing price that day was $339.75.
At Apple’s reported July 17 share count of…
