Apple saw its shares continue to rise Friday, hitting both new 52-week and all-time highs in afternoon action, reports “MarketWatch” (http://www.marketwatch.com/story/apple-shares-climb-to-new-all-time-high-2010-06-18).
Apple stock hit US$275 before pulling back slightly to $273.61. For the year, the shares have jumped about 30% as the company has seen strong demand for its new iPad tablet computer and anticipation for iPhone 4, notes “MarketWatch.” Analysts surveyed by FactSet Research have target prices on Apple ranging from $280 to $350 a share, with a median price of $325.