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Apple stock price on monster run

Can Apple's stock run all the way back to its peak of September 2012?
(Mark Lennihan / Associated Press)
This post has been updated. See the note below for details.

Apple’s stock price skyrocketed again on Monday, leaving investors rejoicing and wondering just how long this latest bull run can last.

In mid-day trading, Apple’s stock was up $9.80 or 1.95% to $512.13. Last week, after investor Carl Icahn announced he’d taken a big position in Apple, the company’ stock also went on a tear.

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Last Monday, Apple’s stock closed at $467.36. Icahn revealed his investment mid-day on Tuesday. The stock closed the week at $502.33.

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On April 22, Apple’s stock hit bottom at $393.45. The stock is now close to its most recent high of $514.02 on Jan. 23.

Investors are now wondering if Icahn’s investment along with a slate of new iPhones and iPads expected to be unveiled over the next two months will push the stock all the way back to its all time high of $702.10 it hit last September.

[UPDATED 1:34 p.m. PDT, Aug. 19: Apple’s stock closed Monday up $5.41, or 1.08%, at $507.74.]

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