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Apple shares top $600 ahead of stock split

Published on May 6, 2014 7:16 AM
 

SAN FRANCISCO (AFP) - Apple shares on Monday climbed above US$600 ahead of a stock split and as the company ramps up its stock buy-back programme.

Apple shares traded at US$600.96 a share at the close of trading on the Nasdaq exchange and edged up to US$602.20 after hours.

It was the first time that the California company’s stock topped US$600 per share since late 2012.

“Maybe the love is for the coming iPhone 6...or the wearable ‘something’ device...or maybe it is just the action of the split and buyback,” Mr Jon Ogg said at stock market specialty website 24/7 Wall Street.

Apple shares on Monday climbed above US$600 ahead of a stock split and as the company ramps up its stock buy-back programme. -- FILE PHOTO: REUTERS
 
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