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September 22nd, 1999

[4:00 PM] Apple Stock Watch: Apple Regains Some Lost Ground In Heavy Trading

Apple's stock regained some of the ground lost in yesterday's bloodbath amidst heavy trading. The market saw some of yesterday's massive across the board declines as buying opportunities and this included Apple. Apple closed at 70 5/16, a gain of 1 1/16 or 1.53%. Volume was heavy with 10,027,100 shares trading hands. This was far short of the more than 29 million shares traded yesterday, but still far heavier than Apple's normal 3 to 4 million shares that trade on a typical day.

With Mac related companies, Macromedia and Motorola traded lower while Adobe and Symantec both closed higher. Apple's PC brethren also saw mixed results with Dell, IBM, Hewlett-Packard, and Gateway 2000 closing down, while Intel, Microsoft, and Compaq closed higher.

The Dow and the Nasdaq were mixed as well with the Dow closing at 10524.07, a loss of 74.40, while the Nasdaq closed at 2858.16, a gain of 37.06.

For full quotes for all the companies mentioned in this article, we have assembled this set of quotes at Yahoo! for your reference. We also have these same quotes reported live (20 minute delay) on our home page. For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report.

The Mac Observer Spin: Here we are, back up above 70. Not too bad considering that Apple was below 70 just a few short weeks ago. Fundamental belief in Apple's core strengths seems solid.


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