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Apple stock rises to over $342 intra-day

by David Winograd Jan 10th 2011 at 2:15PM


On a day where the Dow Jones Industrial Average is down by US$38.20 and the Nasdaq composite is nearly flat, once again, AAPL is bucking the trend and going straight up. At this writing, Apple stock is at $342.05, (a new intra-day high) and bouncing. So far the stock is up $5.93 or 1.76 percent on moderate volume. I'm sure that this is at least partially due to the anticipated Verizon (VZW) announcement tomorrow. Surprisingly enough, Verizon is about flat for the day, trading at $36.01 or up only $0.08 so far. If the Verizon announcement goes as we all hope, I can see this continuing, but who knows?

So if you've got 'em, hold 'em.

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On a day where the Dow Jones Industrial Average is down by US$38.20 and the Nasdaq composite is nearly flat, once again, AAPL is bucking...
 

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jeff

Actually, tomorrow will probably be down for AAPL. The old adage on the street is "Buy the rumor, sell the fact." So if the big announcement happens tomorrow, the fact should cause a small selloff. If Verizon's big announcement tomorrow has nothing to do with the iPhone, it will probably be a slightly bigger sell-off.

Of course, they could announce something unexpected, like an iPhone that works on a worldwide chip or one that has new features or who knows what when Apple's involved. Depending on what that might be could boost the stock further.

If it goes down like I expect, I'm buying more on the dip.

Jeff

January 10 2011 at 4:08 PM Report abuse rate up rate down Reply
maybesew

Guys,

I know you aren't a stock blog, but stock market indexes are not measured in dollars and cents, they are in points. You should correct the article.

January 10 2011 at 4:00 PM Report abuse rate up rate down Reply
cheeze98

VZW, stock symbol VZ is not all Verizon Wireless. It comprises of Verizon landline and Verizon Wireless. While Verizon Wireless has been doing great the last couple of years, Verizon landline has been equally bad. So I wouldn't bet my money on VZ just because VZW is getting the iphone.

January 10 2011 at 2:40 PM Report abuse rate up rate down Reply
Martin

This is brutal.

January 10 2011 at 2:38 PM Report abuse rate up rate down Reply
Luke

It's 342.0699, according to NASDAQ

January 10 2011 at 2:32 PM Report abuse rate up rate down Reply
JegnuX

Or it's because all those "iPad Killer" presented at CES are not so "killer" ?

January 10 2011 at 2:32 PM Report abuse rate up rate down Reply
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