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Apple's Stock Jumps 7.28%, Helped by Positive Analyst Comments

Apple's Stock Jumps 7.28%, Helped by Positive Analyst Comments

by , 4:05 PM EST, January 7th, 2005

Apple's stock jumped more than 7% Friday, helped in part by positive comments from First Albany Securities analyst Joel Wagonfeld. Mr. Wagonfeld raised estimates for Apple's fiscal 1st quarter, the December quarter, to 50 cents a share, up from 47 cents, according to a report from CBS Marketwatch.

Apple reports results for the quarter on Wednesday, January 12th.

Looking forward to 2005, Mr. Wagonfeld said in his research note, "We expect consensus estimates to take another step function forward, which should enable further appreciation."

Apple's stock closed today at 69.25, a gain of 4.70 (+7.28%) on very strong volume of 39.7 million shares trading hands.

If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

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