“Shares of the iPhone and iPad maker [AAPL] have surged since last week’s investor-friendly announcements, when the company added $30 billion to its stock-buyback plan, raised its dividend about 8% and declared an unusually large 7-for-1 stock split,” Steven Russolillo reports for The Wall Street Journal.
“Shares have risen 12% over the past three days, including an 8% jump the day after Apple’s quarterly report,” Russolillo reports. “Meanwhile, the Nasdaq Composite has slumped about 3% over the same time frame and is leading the broad market lower on Monday.”
“Apple is the biggest component of the tech-heavy Nasdaq,” Russolillo reports. “The question, of course, is whether Apple’s strength will be able to give the broad market a lift.”
Read more in the full article here.
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The timing (and magnitude) of this stock split is carefully considered. There’s going to be a significant product announcement in June, probably within a week (before or) after the stock split effective date. After that, Apple will have more significant product releases, carefully time to keep the momentum going.
Two are obvious… A new iPhone and new iPad that are notably enhanced over previous models. One other is the “iWatch” product. And early next year, maybe Apple’s “hobby” goes primetime at last.
Apple could have done a stock split at any time (or not done it at all). Apple does not want to do the split, and then have AAPL languish below $100. Doing it now means whatever Apple has been planning since the transition from Jobs-Cook to Cook-Ive is finally ready to roll…!
Cook, at the earnings call, turned on the light. And all the cockroaches have been running for the corners since. Looking forward to the new announcements.
AAPL is in good hands.
I’m with you on that, but beware the inevitable increase in trolldom.
Trolldom = contra activity evidencing successful Apple initiatives
Your geek-speak is so hot! lol
I’m elated about the 7 to 1 split. It gives more people the opportunity to support Apple’s mission and reap its rewards. It’s a win-win. Also it may lessen the impact of option traders on the stability of the stock. I feel option trading should be outlawed — it’s a form of gambling that tends to hurt even those who do not bet and it creates havoc, but nothing useful.
I’m thinking iPhone 6 will be out in June wwdc or announced or something. Usually when these rumors are detailed like they have been about the iPhone 6 the past week or two the release is near.
I don’t expect the iPhone 6 before September. An updated Apple TV box with app support would be a natural for the WWDC, however.
Yeh, Options should be moved to LasVegas and casinos elsewhere. Give option traders a table similar to roulette— PUTS & CALLS instead of RED or BLACK.
Let those placing the bets win or lose; leave the rest of us out of it.
Apple shares “diverge”, Samsung shares set to “Skyrocket”. Even the good news on Apple are engineered to seem like bad news. Having to use English in this way must be soul destroying. That’s if they even have a soul since they probably lost it a long time ago.
This just in! Some stocks went up this week while others went down. It’s the end of life as we know it! Details at eleven.