Apple Stock Rises Another 6% in Thursday Trading

October 29th, 2008 at 3:00 PM - Apple Stock Watch by Bryan Chaffin

Shares in Apple Inc. advanced more than 6% through the early afternoon trading session on Thursday, with the stock having risen more than US$15 per share since the beginning of this week. As of this writing, shares in Apple were trading at $110.84, a gain of $6.29 (+6.02%) on moderate volume of some 36.9 million shares trading hands.

The rise came as chip stocks helped push tech stocks higher. An industry trade group reported modest growth of semiconductor sales during the month of September, and the market grasped hold of this relatively good news as signs of an improving economy, and sent stocks higher, Appleis among them.

There does not appear to be any Apple-specific news behind AAPLis gains today.

*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.

Commenting is not available in this section entry.

Recent Headlines - Updated November 22nd

Fri, 7:07 PM: Games - Soccer Sim Championship Manager 2010 Released for Mac
6:47 PM: Games - EA Publishes Original Monopoly for iPhone
6:15 PM: News - Original Apple I on Ebay for $50K, w/Letter from Steve Jobs
6:11 PM: Games - New iPhone Games: Secret of the Lost Cavern Ep 1, New DJ Nights, More
5:47 PM: Games - Star Trek D-A-C Game Headed to the Mac Next Month
4:57 PM: Product News - TidBITS Releases “Take Control of Syncing Data in Snow Leopard”
4:26 PM: John Martellaro's Blog - Particle Debris (week ending 11/20) Stationery Pads Go Poof
2:59 PM: Free on iTunes - Musée du Louvre, Art Lite, SketchBook Mobile X and More.
1:50 PM: Deal Brothers - Acer P215H bmid 21.5” Widescreen LCD Monitor: $139.99
11:24 AM: TMO Appearances - Jeff Gamet Shares More Holiday Gift Ideas on MacJury
10:43 AM: Product News - Cocktail 4.5 for Leopard Adds QuickLook Cache Clearing
10:06 AM: News - Hack Enables Mac OS X 10.6.2 on Netbooks

The Mac Observer Reader Specials

TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
OWC: We Make DIY Upgrading Easy! Maximize your Apple MacBook / MacBook Pro. Up to 8.0GB Memory, up to 1.0TB HD & More. Easy Guide + Free, Detailed Installation Videos. Click here
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!
For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.

Apple Stock Quote

AAPL: $199.92. Change: -0.59.
(Prices delayed up to 20 minutes.)
Discuss in our Apple Finance Board

Hot Topics

What's the buzz? These articles have TMO readers talking.

The Mac Needs a Two Button Mouse—Oh Wait! - 40 Comments
Ballmer: Microsoft Wants Back the Marketshare Apple is Taking - 30 Comments
Microsoft Dances Its Way Into Shoppers’ Hearts - 22 Comments
Apple’s App Store Rejections - 18 Comments
Hack Enables Mac OS X 10.6.2 on Netbooks - 16 Comments
How AT&T Screwed up and Left an Opening for Verizon - 16 Comments

TMO Express

Join the TMO Express Daily Newsletter to get the latest Mac headlines in your e-mail every weekday. Find out more!

Top Deals From DealBrothers.com

Recent Features

Get the latest installments of TMO Columns, Podcasts, & Blogs.

© The Mac Observer, Inc. -- All rights reserved. All information presented on this site is copyrighted by The Mac Observer, Inc. except where otherwise noted. No portion of this site may be copied without express written consent. Other sites are invited to link to any aspect of this site provided that all content is presented in its original form and is not placed within another frame. The Mac Observer is an independent publication and has not been authorized, sponsored, or otherwise approved by Apple, Inc.