Apple's Taking Matters Into Its Own Hands

By Travis Hoium and Erin Miller – May 8, 2013 at 9:30PM

NASDAQ: AAPL

Apple

Market Cap

$2,579B

Today's Change

(-0.57%) -$0.96

Current Price

$167.04

Price as of April 18, 2024, 4:00 p.m. ET

A big buyback is driving Apple higher.

Apple (AAPL -0.57%) is returning over $100 billion to shareholders in an effort to boost the stock. So far, it has worked; shares are up 20% from their 52-week low. Erin Miller sat down with Fool contributor Travis Hoium to see if Apple's moves will continue to drive the stock forward.

Erin Miller owns shares of Apple. Fool contributor Travis Hoium manages an account that owns shares of Apple, Microsoft, and Intel. The Motley Fool recommends Apple, Cisco Systems, and Intel. The Motley Fool owns shares of Apple, Intel, and Microsoft. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.