Apple Quarterly Conference Call Sends AAPL to $356 (+4%)

| Apple Stock Watch

Shares in Apple Inc. continued to rise in after hours trading during and after the company’s conference call with analysts, with shares trading at US$356.00, up 13.59 (+3.97%). That represents a $5 per share gain on the after hours trades taking place in the minutes leading up to the meeting.

All of which simply suggests that traders like what they heard Apple CFO Peter Oppenheimer and COO Tim Cook had to say during the meeting, including the company’s guidance, unit sales for iOS devices and Macs, the company’s supply chain, gross margins, and the other factors the company discussed during the meeting.

Historically, when traders have pushed AAPL higher in after hours trading on earnings report day, the regular session on the following day has seen smaller gains. Conversely, when after hours trading sends AAPL lower, the next regular trading sees narrower losses.

That said, this is the stock market we’re talking about, and it remains to be seen how traders and institutions digest the information to come out of Cupertino on Wednesday.

*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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