“Apple Inc. shares made a swift reversal higher Tuesday amid a wave of Twitter chatter about a possible stock split and special dividend,” Laura Mandaro reports for MarketWatch.
“Shares are up 1.2% at $448.04 after hitting an intraday low of $437.66, or a drop of as much as 1.1%. Volume picked up as the widely held — but recently battered — stock climbed to its highs of the day,” Mandaro reports.
“What gives?” Mandaro reports. “For a start, hedge fund manager Doug Kass tweeted that he was very long Apple — and then said he was hearing about a stock split.”
High above the Alps my Gnome is hearing a rumor that Apple will announce a stock split at tomorrow's shareholder meeting. $AAPL
— Dougie Kass (@DougKass) February 26, 2013
Read more in the full article here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]