Daniel Eran Dilger
After being pushed downward across the first week of 2015, Apple's stock surged $4.14 today to close at $111.89, adding over $24.27 billion to the company's market capitalization.
After gaining nearly 40 percent in 2014, Apple's shares dropped from nearly $112 down to almost $105 in the new year's first week of trading, despite strong sales data and virtually nonexistent competition from its main rivals throughout the holiday quarter and into the first week of CES.
However, those losses were dramatically reversed today as the company's stock rapidly changed course, gaining back all negative ground for the year and netting a slight positive from 2015's opening day last Friday.
Apple is expected to make new gains in 2015 on continued strong sales of iPhone 6 and 6 Plus, an expansion of iPads into the enterprise supported by the company's partnership with IBM, a global rollout of Apple Pay and continued growth in Mac sales.
The company is aggressively expanding its office space, data centers, retail stores and other facilities globally, particularly in China where Apple plans to open 25 new retail stores over the next two years.
Apple will release its December quarterly earnings results later this month on January 27. The company's earnings will particularly be compared against hardware rival Samsung, which experienced a collapse in its mobile profits over the second half of 2014, and Google, which lost ground through 2014 (falling more than 5 percent) and has continued into negative territory in the new year.
Compared to Apple's pre-split figures from last year, today's surge would have amounted to a leap of $28.98, resulting in a pre-split stock price of $783.23.
Malcolm Owen
Amber Neely
Christine McKee
Chip Loder
Marko Zivkovic
19 Comments
Buying before the quarterly to dump right after. We all know it ought to be about twice as high, but hey.
I'm dumping right before the quarter personally. They can beat hard and still get hammered. It's happened so many times before. A great quarter is a given and not likely to affect the stock price. Nobody seriously thinks Apple didn't have a great quarter. Their guidance for the next quarter is key this earnings report. Plenty of time to jump in after the report. Like tallest ski said.. "we all know it ought to be about twice as high"... but that's not happening in 1 day. No matter how good the report is.
Hah! Who knew Pump & Dump also referred to breastfeeding?
http://pregnant.thebump.com/new-mom-new-dad/breastfeeding/qa/what-does-pump-and-dump-mean.aspx
Apple's stock didn't surge...the entire market surged. Apple's future is bright, but the stock performance over the past week is nothing more than following the rest of the irrational market trend and not indicative of anyone thinking Apple's position has improved.
Apple's stock didn't surge...the entire market surged. Apple's future is bright, but the stock performance over the past week is nothing more than following the rest of the irrational market trend and not indicative of anyone thinking Apple's position has improved.
Exactly right. Ridiculous that the AI article mentioned nothing about the broader stock market's gyrations over the last week, which is supposedly all due to the price of oil.