Stock Market Alert - AAPL Bounces Back

Posted on Saturday 30 December 2006



Stock Market Alert - AAPL, which had been weighed down over the past couple of days by revelations of improper stock options transactions, bounced back on Friday, trading up almost 5% to close the regular session at $84.84. AAPL came out on Friday and announced that a probe had uncovered no wrong-doing by any of its executives, however there are still informal probes ongoing. Volume was heavy on the news as investors dove back into the stock, with over 38 million shares of the stock changing hands, compared to a normal daily average volume of just over 25 million shares traded. AAPL closed Friday with a market cap of just over $72 billion dollars.



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