Less than two weeks after shares surged following an announced 7-for-1 stock, Apple stock is reaching levels not seen in a year and a half. On Monday, Apple shares closed at $600.96, up 1.41% on the day. That was the first time the shares settled over $600 since October 26, 2012.
The stock has steadily risen since then, despite bad news in their patent lawsuit against Samsung — where a jury ordered the Korean smartphone rival to pay Apple only a pittance of $120 million. Shares have also been resilient against increased analyst worries that growth in iPads may be leveling off.
Apple shares are up 7% year to date and 33.5% over the last year.