How do you make your stock rise? Announce a major loss. At least that has worked for Apple today as the companyis stock has risen since after hours trading yesterday. The markets have responded favorably to Appleis announcements that they have conquered inventory issues and will return to profitability this quarter. As of this writing, Apple is trading at 18 1/16, a gain of 1 1/4 (+7.43%) on heavy volume of 13,317,300 on heavy volume of 13,221,300 shares trading hands.
We have a full report on Appleis Q1 announcement coming, and will be covering all of todayis Mac-related news in the Apple Stock Watch later today. For other stories regarding Appleis stock activity, visit our updated Apple Stock Watch Special Report.