Apple Inc. shares reached a new milestone Wednesday, trading above $300 for the first time, as the electronics giant prepares to report quarterly results and preview a new operating system next week.
Shares of the Cupertino, Calif., company opened at $300.20 Wednesday. The stock recently traded at $301.34, up nearly 1% from Tuesday. The stock is up 43% for the year and 30 times its price seven years ago, on a split-adjusted basis.
Apple Wednesday invited reporters to its headquarters on Oct. 20 where it will offer a peek at the operating system that powers its Macintosh computers. The company will report its fiscal fourth-quarter earnings Monday.
Full story: Apple’s Stock Tops $300 – WSJ.com