AAPL up nearly 14% among broad market gains

Shares of Apple stock closed higher today, among a widespread buying spree that pushed the Dow Industrials up a record-breaking 936 points.

AAPL closed at $110.26 per share, an increase of $13.46. Nearly 55 million shares changed hands.

Microsoft, Dell, Google, HP, Sun, and AT&T also posted double-digit percentage gains for the day.

Analyst firm Sanford C. Bernstein upgraded Apple stock to "outperform" this morning, saying the company's short-term prognosis looks good, despite the dip in the market. Bernstein did, however, cut its price target by $50 to $135.

AAPL was up slightly in after-hours trading.

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Source: http://finance.google.com/finance?q=NASDAQ:AAPL

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Shares of Apple stock closed higher today, among a widespread buying spree that pushed the Dow Industrials up a record-breaking 936 points....

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Brian

It would be nice to know when the analyst thinks it will reach $135. I never seem to get dates just predictions on price. Well here is my analysis .... I predict the shares will top $230 sometime in the future and there will be a two for one split and my position is "strong buy"....now can I be paid lots of money for either stating the obvious or getting it completely wrong please.

October 14 2008 at 4:01 AM Report abuse Permalink rate up rate down Reply

Luigi193

Good thing I bought when it was at 85 a few days ago!

October 13 2008 at 10:00 PM Report abuse Permalink rate up rate down Reply

nickysam

Appleâ€™s highly popular iPod media players and iTunes digital media store have captured the imagination of music lovers everywhere. Revenue growth at Apple is already starting to slow a bit. This past quarterâ€™s revenue growth has dropped to a still impressive 23% versus the same quarter a year ago.
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Nickysam

viral marketing

October 13 2008 at 9:52 PM Report abuse Permalink rate up rate down Reply

Galley

I had planned on buying 10 million shares this morning, but for some reason the "Buy" button wasn't working on my trading software. Well, that's a $134 million profit down the drain. ;)

October 13 2008 at 9:30 PM Report abuse Permalink rate up rate down Reply