Filed under: Apple Financial
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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Reader Comments (Page 1 of 1)
Galley said 9:30PM on 10-13-2008
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. ;)
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nickysam said 9:53PM on 10-13-2008
Apple’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 quarter’s revenue growth has dropped to a still impressive 23% versus the same quarter a year ago.
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Nickysam
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Luigi193 said 10:00PM on 10-13-2008
Good thing I bought when it was at 85 a few days ago!
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Brian said 4:01AM on 10-14-2008
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.
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