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Apple becomes first $800 billion company

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Staff Writer | May 9, 2017
Apple Inc. became the first company to cross the $800 billion market value threshold after a rise in stock price early in the week.
Technology   Apple stood at $153.01 per share
Considered the world's most valuable company, Apple shares on the Nasdaq exchange rose in midday trading Monday to a high of $153.70 per share.

Multiplied by 5.21 billion outstanding shares, the company's value was briefly above $800 billion.

At the close of trading, Apple stood at $153.01 per share, or a market capitalization of $797.7 billion.

Apple's 2.7 percent increase on Monday came after a positive research note from Brian White of the investment firm Drexel Hamilton, which suggested an eventual price target of $185 to $202 per share for Apple stock. If the stock price increases to $202, Apple would cross the trillion-dollar threshold.