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Apple's Stock Is Rocketing To A New High (AAPL)

Jay Yarow

rocket blast off

Big morning for Apple.

First, there are rumors that the new iPhone is coming out in June from a Foxconn recruiter.

Second, Apple axe Gene Munster says the stock is going to $1,000.

Add it up and you have Apple cruising to an all time high in the pre-market. The stock is up 1.41% to $627.43 as of this writing.

Update: Trading has begun and Apple is at $630.

Don't Miss: ON THE HOT SEAT: 10 Tech CEOs That Could Be Fired Tomorrow

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source: www.businessinsider.com

3 Apr 2012

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www.businessinsider.com Joe Weisenthal 7 days ago

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Brokers have been getting bombarded with questions about Apple, which is down nearly 4% today. Credit Suisse has put together six reasons the stock is tanking. Below we've posted the comments verbatim as we've received them, but first we'll give our translation. Basically, the stock has broken its 100-day moving average. An analyst note came out that was very bearish. There's the fact that Julian Robertson has totally dumped the stock. One of its suppliers had weak numbers. The rally itself recently, from 400 to 450, was "low conviction" (whatever that means). And then there's Google, which c... Read similar

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