AAPL Jumps 4.4% On Media Event Plans

Shares in Apple Inc. jumped more than 4.4% Tuesday following the news that the company had sent out invitations to the media for a media event on January 27th. Shares closed at US$215.04, a gain of $9.11 (+4.42%), on strong volume of 26 million shares trading hands.

Apple sent out invitations to the media on Monday, which was Martin Luther King Day, a holiday on which the major stock exchanges are closed. The event will be held in San Francisco at the Yerba Buena Center for the Arts, and while Apple has not said what it will announce, the tech world largely expects the company to unveil a long-awaited tablet device.

*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.