Around 12:45pm EST today, Apple (NASDAQ:AAPL) was the most valuable stock in the world, topping the current king of stocks Exxon Mobile (NYSE:XOM).
When Apple rose to a high of $369.89 per share it had a $342.8 billion market share, and when Exxon fell to $68.78 per share it had a $334.41 billion market share. This gave Apple (AAPL) the crown as the richest stock in the world.
However, things didn’t stay like this for long. Apple closed with a market cap of $346.74B and Exxon closed with a 348.32B. But as you can see, the spread is not too far apart and with slight movement either way, Apple could easily take the crown once again.
And with the price of oil closing down 2.47% today, Exxon’s stock could have more drag on it in tomorrow’s trading. We’ll just have to wait and see if Apple can actually work it’s way into the world’s richest stock.