Apple Closes Above $140, New All-Time High

Apple Inc. AAPL shares closed higher by $1.47 at $140.46 in Wednesday's session.

Along with a strong rally in the broad market, positive comments from Goldman Sachs helped propel the issue to a new all-time high.

See Also: Apple Hits New All-Time High As Goldman Highlights Positive iPhone Data Out of China, Taiwan

Following a higher open, Apple's stock retreated and found support just ahead of Tuesday's close ($138.99) at $139.02 and began to move higher. The ensuing rally surpassed its former all-time high of $140.28.

In order to post all new all-time closing, it needed to end the session above $139.78.