Apple shares jump on news of Jan. 27 event

The news that Apple is going to announce something on January 27th has the stock market in a tizzy. At one point this morning, Apple shares were up to $214.16, up $8.23 or about 4.0%.

Apple set a 52-week high with a share price of $215.59 on January 5, 2010, up 275.6% over the 52-week low set on January 20, 2009.

The Dow Jones Industrial Average, by comparison, was up only .95% shortly after 1 PM ET today, and the NASDAQ index was up about 1.17%.

It should be noted that Apple share prices traditionally fall after an announcement, but it will be fascinating to see if AAPL is able to hit a new high prior to the January 27th event.

[via MacDailyNews]

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Source: http://macdailynews.com/index.php/weblog/comments/23716/

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The news that Apple is going to announce something on January 27th has the stock market in a tizzy. At one point this morning, Apple shares...

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tsehese

I think that the tablet can be two, one 7 "and one of 10" as stated here (see the
English translation on the site)
http://www.calmug.org/2010/01/20/ipad-islate-o-tutti-e-due-i-rumor-si-moltiplicano/

January 20 2010 at 2:53 AM Report abuse Permalink rate up rate down Reply

sodapop

YAY! My original APPL investment in 2000 is up 2,090.74 %

January 19 2010 at 3:43 PM Report abuse Permalink rate up rate down Reply

Murphy Mac

I can't believe I finally got invited to one of these events!!

I'm going to feel greedy if I hold my aapl shares past $235 or so. Surely there will be a dip and opportunity to get back in around $200 before too long....

Well, maybe not 'surely'....

January 19 2010 at 2:26 PM Report abuse Permalink rate up rate down Reply

1 reply to Murphy Mac's comment

MRCUR

Apple's shares ALWAYS drop after an announcement - that is "surely" going to happen. But I don't think $235/share is by any means greedy. Many analysts already say the stock is undervalued as-is, and it's expected to hit $300 this year (or double according to others).

January 19 2010 at 3:55 PM Report abuse Permalink rate up rate down Reply

mark

Yes - but there has been *so* much hype about the tablet that it can't possibly live up to expectations. Every single apple related forum will be full of people moaning about how its rubbish because it won't do X , Y or Z

January 19 2010 at 1:54 PM Report abuse Permalink rate up rate down Reply

moo

AAPL didn't tank when the iPhone was announced. So it seems to me that if Apple announces a tablet and it creates a lot of excitement that the stock price will actually increase. I usually figure it goes down because people are kind of bored with the announcement as if every Apple keynote can mean the announcement of a brand new product. I think we might actually have a brand new product here, so that could mean a stock price increase.

January 19 2010 at 1:34 PM Report abuse Permalink rate up rate down Reply