Shares in Apple Inc. rose more than more than 5% on Monday following revelations from Apple Steve CEO Steve Jobs that he was on a treatment for a hormonal imbalance that had caused him to lose weight, and that he would begin regaining that lost weight starting in the Spring of 2009.
Though Mr. Jobs and Apple's Board of Directors have insisted that his health was a private matter, investors reacted vigorously to the public news , pushing the stock higher. As of this writing, AAPL was trading at $95.30 per share, a gain of $4.55 (+5.01%) on moderately strong volume.
Investors had been spooked in recent months by rampant speculation that Steve Jobs's weight loss was a result of a serious illness, perhaps something related to being a survivor of pancreatic cancer. Despite ever-louder calls for Apple to be more public bout the state of his health, the company had heretofore insisted that it was a private matter for Mr. Jobs and his family.
Read The Mac Observer's full coverage of Steve Jobs's open letter to the Mac community and Apple's Board of Directors' statement for more information.
*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.