Apple Computer shares rise over 4-percent in heavy NASDAQ trading

Shares of Apple Computer (AAPL) rose $2.97, or 4.12% to hit $75.00 on heavy volume of 48,975,113 shares in NASDAQ trading today after earlier hitting the $76.60 mark.

In after-hours trading, Apple shares currently stand at $75.30, up another $0.30, or 0.40%.

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Related article:
Banc of America cuts Apple Computer target price to $82 from $85 – January 30, 2006

17 Comments

  1. I am breathing easier now.

    Now we’ll see what happens with AAPL over the next few days now that Greenspan retires tomorrow — and he may up the prime rate again.

  2. DrDude,
    The prime rate is the rate at which the Fed provides short-term liquidity to banks. Banks still set the rates at which they loan money to individuals or businesses, but they react to the Fed rate.
    Clear?

  3. wondering,

    last week they went down – despite all the good news for Apple.
    This week they’re going up – despite there being no news (good or bad).

    …… works in mysterious ways.

  4. SELL

    Take your profit, it’s topping out and ready to dive to a more reasonable price.

    Then buy again for the longterm and when Intel starts shipping processors.

    Selling content doesn’t make diddly.

  5. Madhatter is WRONG! Apple was profitable evenm when it was falling apart. As the distributor of others’ content, it makes money with minimal effort. The infrastructure is in place for MASSIVE growth.

    This company is poised for the long term.

  6. Bear of America, er, Banc of America lowered AAPL, so it went up. Simple as that. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

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