AAPL Rallies, Pushed by Yahoo!, Sun, AT&T

| Apple Stock Watch

Shares in Apple Inc. traded higher in Wednesday trading, pushed in part by a tech rally lead by Yahoo! and Sun Microsystems, who turned in better than expected fourth quarter results. Apple was also helped by news from AT&T that saw the iPhone's U.S. carrier see an increase in revenues due to the success of the iPhone.

As of this writing, Apple was trading at US$93.91, a gain of $3.18 (+3.50%) on moderately light volume. The stock had traded as high as $95 per share, but began shedding some of its gains in the late afternoon session.

*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.  

Popular TMO Stories

No Comments

Log in to comment (TMO, Twitter or Facebook) or Register for a TMO account