Apple, Amazon.com Approach All-Time Highs

Don't look now, but Apple (AAPL) and Amazon.com (AMZN) are not only hitting bull market highs, but they're also approaching all-time highs. If the economy is still weak, investors in AAPL and AMZN aren't too worried. While this is indicative of overall market strength, it's also a major testament to how well these two companies have done even through the toughest times. Amazon.com's all-time closing high is $106.69, reached at the peak of the Internet Bubble. The stock is currently trading at $97.2. Apple's all-time high was reached on December 28th, 2007 when it closed at $199.83. AAPL is currently trading at $191.28.

click to enlarge

Comments

[Jay Bruin:]

These high valuations have caused a lot of recent insider selling at both Apple and Amazon which suggests that these high valuations might not be sustainable. Apple insiders have sold about $80 million recently and Amazon insiders have sold a whopping $189 million recently. After all, looking at the government's U6 employment statistic, are the 17% of Americans who are unemployed or underemployed sitting at home buying iPhones at Amazon?

Oct 14 03:28 PM

[Mike M:]

Ooooooh.......... how few people really understand Apple !

Oct 15 11:12 AM

[brewer:]

You're right Mike, even most of the investors have little idea where it's going.

Oct 15 03:56 PM