Exxon Mobil overtakes Apple in market value

Exxon Mobil overtakes Apple in market value - Straits Times #AppleNews

NEW YORK (REUTERS) - Exxon Mobil on Friday reclaimed its place as the largest United States (US) publicly-traded company by market value roughly one year after losing it to Apple Inc as shares of the tech giant extended their fall. Apple's market capitalization has fallen by about US$250 billion (S$307 billion) - roughly the market value of Google Inc - since hitting a high last September, when the stock traded above $700. Apple shares traded down 2.7 percent on the day near $438, for a market value of roughly $411.4 billion. Exxon shares, up 0.3 percent on the day at $91.59, added to a market value of about $417.6 billion. Apple "was clearly a momentum stock. Whenever the numbers behind momentum stocks stop, the momentum players are out and the stock tumbles", said Ms Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.

Full article: http://www.straitstimes.com/breaking-news/money/story/exx...

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@perimerahjambu » 26 Jan '13, 4am
#Money Exxon Mobil overtakes Apple in market value [link] / Via @Straitstime
@bananapajama5 » 26 Jan '13, 4am
RT @STcom: Exxon Mobil reclaimed its place as the largest US publicly-traded company by market value after losing it to Apple [link]
@STcom » 26 Jan '13, 3am
Exxon Mobil reclaimed its place as the largest US publicly-traded company by market value after losing it to Apple [link]
@TweetNewsss » 26 Jan '13, 1am
Exxon Mobil overtakes Apple in market value [link] [StraitsTimes Money]
@PINOYGlobal » 25 Jan '13, 11pm
Money - Exxon Mobil overtakes Apple in market value: January 26, 2013 6:41 AMNEW YORK (REUTERS) - Exxon Mobil on... [link]
@ThSuarez » 25 Jan '13, 11pm
Exxon Mobil overtakes Apple in market value - Straits Times [link] #AppleNews
@stcom_dev » 25 Jan '13, 11pm
Exxon Mobil overtakes Apple in market value: January 26, 2013 6:41 AMNEW YORK (REUTERS) - Exxon Mobil on Friday ... [link]
@arcagility » 25 Jan '13, 10pm
Exxon Mobil overtakes Apple in market value - Straits Times: Exxon Mobil overtakes Apple in… [link]
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Exxon Mobil overtakes Apple in market value - Straits Times [link] #AppleNews
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Exxon Mobil overtakes Apple in market value - Straits Times [link] #AppleNews