Taken from:
http://marketday.msnbc.msn.com/_news/2012/04/06/11040090-3-tech-stocks-racing-to-pass-1000-a-share?lite
The article notes:
"As the market has rallied it has carried many technology names along with it, including Priceline, Apple and Google, each which are trading well north of $600 a share. Reaching the fabled $1,000 level would not necessarily indicate a company’s stock should be bought or sold, but it would certainly confer bragging rights.
"Apple is the world's most valuable company, with a market capitalization of nearly $600 billion. Priceline, which trades at about $757 a share, has far fewer shares outstanding and is valued at $37 billion. Google is somewhere in the middle with a market cap of $164 billion, although its shares trade at about $632 each, virtually the same as Apple's."
While 1,000 a share doesn't automatically receive an Oscar or a Nobel Prize, but it is an informal milestone for stocks.
It will be interesting to watch the race.
If I had to bet, Apple would get to $1,000 a share first!!!
http://marketday.msnbc.msn.com/_news/2012/04/06/11040090-3-tech-stocks-racing-to-pass-1000-a-share?lite
The article notes:
"As the market has rallied it has carried many technology names along with it, including Priceline, Apple and Google, each which are trading well north of $600 a share. Reaching the fabled $1,000 level would not necessarily indicate a company’s stock should be bought or sold, but it would certainly confer bragging rights.
"Apple is the world's most valuable company, with a market capitalization of nearly $600 billion. Priceline, which trades at about $757 a share, has far fewer shares outstanding and is valued at $37 billion. Google is somewhere in the middle with a market cap of $164 billion, although its shares trade at about $632 each, virtually the same as Apple's."
While 1,000 a share doesn't automatically receive an Oscar or a Nobel Prize, but it is an informal milestone for stocks.
It will be interesting to watch the race.
If I had to bet, Apple would get to $1,000 a share first!!!
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