Apple shares surge in early trading, up over 6% on heavy volume

Shares of Apple Computer (AAPL) are up $1.54 to $26.70 in very heavy early trading with 14,774,540 share volume.

Yesterday, APPL gained $1.24, or 5.18%, at $25.16 in heavier-than-usual-for-AAPL NASDAQ trading on 11,789,828 share volume to set a new 52-week high.

CBS MarketWatch attributes the surge to “a report in USA Today said the company’s new iPod mini digital music player has been a runaway success. The paper said the mini iPod is virtually sold-out.” More info here.

NASDAQ AAPL quote here.

24 Comments

  1. Finally, Wall Street perceives the possibility of growth. That’s all they care about. Apple could make iFusion devices that provide cold fusion for $29.95, but if Wall Street doesn’t think there’s growth potential, they won’t care.

    Apparently someone thinks that Apple is finally bursting out of its niche.

  2. Yeah… stupid stock. I wish I had some cash on hand to start investing. I hate being a broke college student. :-p Oh well, majoring in 3d-Animation, and a minor in Visual Effects means I get to play w/ a G5 near-say every day >> and while I am, I’m listening to my 10 GB, 2nd Gen iPod.

    Yeah. This is the life.

  3. I bought $1,000 (+/-) of Apple last year at 12 something and am hoping that the growth will fund my next Mac purchase, a G5. If it hits the $29/share range, I can sell and effectively buy a G5 for about the initial investment of $1,000.

  4. Uh, NoPCZone, don’t forget about the government… even though you risked your capital, they believe you owe them a cut of any gains, and they’ve got the power to take it from you.

  5. NoPCZone, I hate to break this to you but approximately 84 shares of stock at $29/share is $2417.00 Wait until you have had the stock for more than a year so the capital gains tax drops from 28% to 15%. That way, if you can sell at $29, you net $2204.00 (2417.00 – 1000.00 = 1417.00 x .85 = 1204.00 + 1000.00) and at least have a good chunk toward the G5. Good luck.

  6. You should all thank me for not buying Apple stock. If I had, it would have taken a nose dive ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  7. if you guys think the stock is performing nicely…have a look at the options. You put up less money and with a 10% stock price move you get a 50% option price move. giddyup

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