Apple’s back! Maybe? A week and a half after the company’s earnings report, the stock is up 11%. It’s up 15% from its low point, which came a few days before earnings.
You don’t want to get too excited about a move like this if you’re an investor. But, it’s a good sign that Apple appears to be making a sustained, positive move. It looks like investors saw Apple’s earnings a bit of a low point, and have moved on.
Also, Apple said it was going to start buying back shares this month. That never hurts.