Apple stock surges past $550, Tim Cook sells $11 million worth of shares
It seems that Apple stock is on steroids - it just keeps on growing and growing against market rules and despite nay-sayers predictions of Apple being the next tech bubble. After a couple of months of swapping places with Exxon Mobile as the world’s most valuable company, Apple’s market cap has now grown to be $100 billion above that of the oil giant. It’s market value is more that of the economies of a couple of mid-sized countries, if you want to put in that perspective.
trading at over $550 and it’s just another good time to buy for most, but Apple’s chief executive Tim Cook sold $11 million worth of his own stock awards. The CEO receives an official salary of $1 a year, but for this year alone was awarded 1 million shares vesting in 2016 and 2021. This stock award is now worth over a billion dollars.Apple shares are currently
Are you planning on buying Apple shares? Can you foresee an end to this stunning growth or will it just continue? Chime in with your opinions below.