The Apple stock price hit a new all-time high on Tuesday, reaching $180.10 as the stock has enjoyed several weeks of nearly steady gains. Apple now has a market capitalization of over $900 billion.
AAPL has been on the rise since bottoming out at $150.24 on February 9, one day after the Dow Jones plunged over 1,000 points. The broader selloff in the stock market proved to be short lived, as many technology stocks have since rebounded, and the Dow Jones is up nearly eight percent compared to a few weeks ago.
The high came on the heels of investor Warren Buffet’s reveal that his company, Berkshire Hathaway, has purchased more Apple stock than that of any other company over the past year. Berkshire currently holds 165.3 million shares, an increase of 23.3%, per recent SEC filings by the firm.
Note: While Apple shares have traded for higher prices than Tuesday’s peak, this high comes following multiple stock splits that have occurred over the years.
