Yesterday, for the first time in two years, Apple Computer's stock broke the $30 barrier. With the shares closing at $30.31, it was the second time this week that the company has hit a 52-week high.
In today's trading, Apple dipped slightly, falling 0.13, to 30.19, just under its new 52-week high.
Apple's rise yesterday came amid a number of positive developments for the computer maker. Chief among them was the debut of the company's new "iMac," a souped-up desktop system that comes at the attractive price of $1,299. (See related story)
Apple's jump came as the overall market dropped just slightly. The Dow Jones lost just under 93 points yesterday, to close at 9,054, while the Nasdaq lost 8 points, to close at 1,856.
Apple recently posted profits of $55 million for the second quarter of 1998, a figure that more than doubled analysts' expectations.
Apple shares have traded as high as 30.44 and as low as 12.75 during the past year.