Tag: applestock

Apple’s stock rose US$3.10 today, or nearly five percent, to close at $65.78, reports CBS Marketwatch. This is most likely due to the recent plethora of positive analyst comments and projections for Apple’s sales, as well as the widespread speculation of a lower cost, flash-based iPod early in the new year.

Apple’s stock today closed at US$44.98, up $5.23 or 13.2 percent. This increase comes after Apple announced yesterday that its fourth quarter profits more than doubled on strong iPod sales [see related story].

Following yesterday’s news that Apple was delaying the introduction of its new iMac until September, shares of the company fell more than 7 percent in early trading Friday, down US$2.28 to $30.22.

In his “Byte of the Apple” column for BusinessWeek today, Alex Salkever examines Apple’s recent stock surge (“…closing at US$33.18 on June 24. This is the highest ground the stock has inhabited since the fall of 2000,” notes Salkever). Most analysts are pleased with Apple’s success and are positive about the company’s outlook, but at least one disagrees. “Albert Meyer, principal of Second Opinion Research, sees problems for Jobs & Co.

In an article today in The Washington Post (free subscription required), staff writer Mike Musgrove looks at the recent financial successes of Apple and tries to put a finger on what is causing it. Is it the overwhelming success of the iPod, the popular iTunes Music Store, or just good business in general. Musgrove talks to several industry pundits to get their views on the matter.

Shares of Apple rose to their highest price in more than three years on Friday in heavy volume trading. The stock climbed US$1.58, or more than 6 percent, to close at $26.74. Analysts attributed the jump to news on the early success of the iPod mini, and unsubstantiated rumors of a takeover by Sony. Apple rose $1.24, or more than 5 percent, to close at $25.16 on Thursday. This was the first time Apple’s stock closed above $25 since May 2002.

Financial analyst Bernie Schaeffer has written a report on stock options in today’s market. Apple is one of the stocks he writes about: “Apple Computer (AAPL) looks vulnerable from a technical perspective, as the shares have broken below their 10-day and 20-day moving averages and the 15 level. Options players have gravitated towards the September 15 strike, where 10,000 calls reside.