Why Apple Stock Price Hit an All-Time High
Apple stock prices hit an all-time high on December 13, 2021, cresting above the $181 mark before falling off slightly for the next few days. Analysts aren't worried about that little dip, though, with some calling for AAPL to hit $200 per share in the New Year. What's driving the rise, and should investors be holding and buying AAPL to cash in on a potential profit?
Apple is closing in on an impressive $3 trillion market capitalization, and that's exciting—for the company, for investors, for the sidelined spectators simply watching the tickers on the news. That level of energy can't be ignored, and it may have something to do with Apple stock performing well. Investors want in on what will eventually be a historic financial moment for the stock.
But it's not all about excitement. In fact, another reason that Apple stock does so well and has surged recently is the fact that it's not super exciting in general. The company overall is seen as stable. It's a powerhouse tech giant with plenty of capital and resources. Plus, it's got a cult-like following that stays true to the brand and its products over the long-term, helping to protect revenues. At a time when other market arenas aren't stable and people in general have contended with uncertainty for a few years, Apple is appealing because it looks like a sturdy investment.
As far as buy, hold, or sell status, it depends on who you ask. Most analysts agree that AAPL is, at the least, a firm hold. But investors holding a good bit of the stock can also leverage its high value in trades to drive cashflows or support other endeavors. In the end, what individuals do with AAPL should depend on their own financial goals and situations.