Apple (AAPL), a.k.a. the U.S. economy, was hitting another all-time high Monday and pushing ever closer to $700 a share. The stock no one thinks will ever go down thanks to its regular roll-out of products we must have -- at the moment it's the iPhone 5 -- went above $699 earlier in the session, the best level it's ever reached.
Shares of Apple closed at $378.30 on Oct. 5, 2011, the day company co-founder Steve Jobs died, an event that pessimists thought might spell serious trouble for Apple's products and its stock. So far, that's not happened. Shares are up nearly 84% since then, according to FactSet data, and as noted, the goods keep coming and getting bought by us.
Here's a brief look at some of the factoids around Apple's journey higher since the death of its leader last fall:
- Trading days: 238
- Days the stock rose: 127, or 53.5% of the time
- Days the stock fell: 109, or 45.8% of the time
- Unchanged days: 2
- Average gain on up days: 1.43%
- Average decline on down days: 1.08%