Warren Buffett’s increased investment sent the stock up.
The most valuable public company in the world just got more valuable. Apple’s market cap reached an all-time high today of $945 billion.
Apple reported totally fine second-quarter earnings last week. But what really sent the stock up was Warren Buffett’s announcement Friday that his company Berkshire Hathaway would be purchasing an additional 75 million shares in Apple, giving it a 5 percent stake.
The stock is currently trading at $186, up more than 100 percent since the beginning of the year.
As of the end of 2017, Vanguard Group and BlackRock were Apple’s biggest shareholders.
from Recode – All https://ift.tt/2rqRS0b