“Shares of Apple Inc. rose [5.90%] in Monday’s dealings. Scott Craig, analyst at Bank of America Merrill Lynch, maintained a buy rating on Apple but cut his price target to $780 from $840, Barron’s reported,” Sue Chang and Greg Morcroft report for MarketWatch.

Read more in the full article here.

Investopedia reports, “So far today, the company’s volume is 14.1 million shares, consistent with its current daily average.”

Read more in the full article here.

 

MacDailyNews Take: Like clockwork.

AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under.. lower, lower… good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again!

Rinse, lather, repeat.MacDailyNews, January 9, 2012

At the most basic level, it’s extremely simple: Pump, then dump. Foment, then buy. Rinse, lather, repeat as the SEC sleeps.MacDailyNews, April 26, 2012

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