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.  

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