Apple after the bell 10/19/06: almost 6% jump in share price today

Posted Oct 19th 2006 6:02PM by Tobias Buckell
Filed under: After the Bell, Major Movement, Good news, Industry, Competitive Strategy, Apple Inc (AAPL)

Apple Computer, Inc. (NASDAQ: AAPL) had an incredible quarter yesterday, announced it's results in an earnings quarter, and today jumped almost 6% in stock price! Apple ended the day at $78.99, up $4.46 or 5.98%, an incredible leap in price and a huge indication of investor confidence in the computer manufacturer.

The solid quarter has led to a general excitement around Apple. Businessweek thinks Apple is running for the top computer-maker spot, Information Week wonders if Apple is powering hard out of its niche, and RealMoney thinks all doubts about the company's strength have been shelved.

But favor with Apple comes and goes, and investors might wait until some negative news causes the stock to shed some points before jumping in, particularly after an almost 6% leap right now. Most of that leap came in after-market trading, and throughout the day the stock held rather steady.

Tobias Buckell is an author, freelancer, and professional blogger. He owns shares in Apple.

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Reader Comments (Page 1 of 1)

10-19-2006 @ 7:24PM

kos christidis said...

I would like to share the fact that when I purchased Apple at 82 before the split I did not have to wait for a negitve to double my money !
Good companies are purchased for long term growth and Apple seems do be a long term buy !
Pull back the truck (not the stock) and load it up with money!

10-20-2006 @ 4:05AM

GeorgeS said...

Apple will likely do well enough gaining market share, but right now my big key is whether they'll conquer movie downloads. Will all studios use Apple yet or not?
I agree with Jobs that download prices should be maybe half of DVDs.
I've jumped in on the stock a couple times since itunes, and it doesn't let down.