Apple, Exxon Vie for Most Valuable Company Title

Wednesday Aug 10th 2011 by Staff

On Tuesday, Apple briefly became the company with the highest market capitalization, but Exxon claimed its title back by the end of the day.

NYTimes: On Tuesday, Apple briefly passed Exxon to become the company with the world's highest market capitalization. In the afternoon, Apple’s stock hit $366.62, giving the company a market cap of $337.11 billion. At the same time, Exxon's stock was worth $68.90, giving it a market cap of $337.11 billion.

By the end of the day, the places were reversed, and Exxon had regained it's title as the world's most valuable company.

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