Apple Stock Hits Record High of $345.34 Amid Ternus' First Month as CEO

Apple's stock price reached a record high on Tuesday, September 22, as it traded at $345.34 before closing at $339.75. This intraday peak beat the previous record of $344.57 set in July by less than a dollar.

The move was seen during John Ternus' first month as chief executive, after he formally took over on September 1. However, analysts note that the timing alone doesn't prove that the leadership change drove the rally, as most products and financial plans were already in place before Ternus' tenure.

The stock opened at $340.14, climbed 1.5% to its peak, and then drifted back down, with most of the morning gain lost by the final bell. This points to a burst of early buying that ran out of steam rather than a sustained push to new territory.