Apple Volume Surging on Buyback Hopes (AAPL)

Posted in General 
October 29th, 2008

Apple Inc. (NASDAQ: AAPL) stock is trading sharply higher by over 5% today after Bernstein research issued a report that is basically calling for  major stock buyback.  You can see the full details of that report at 24/7 Wall St.

Shares are now up 6% at $106.00 on almost 30 million shares at 12:20 PM EST.  Its average daily volume is 41 million shares amd that number should be easily surpassed today with the trading after the FOMC decision.

We have also seen over 50,000 option contracts trade in the November call options with the closest strike prices.  That alone is worth another 5 million shares on a fully leveraged basis.

Jon C. Ogg
October 29, 2008

One comment


  1. - Are You Riled Up? - » Blog Archive » Apple Volume Surging on Buyback Hopes (Aapl) Said:

    [...] Apple Inc. (NASDAQ: AAPL) stock is trading sharply higher by over 5% today after Bernstein research issued a report that is basically calling for major stock buyback. You can see the full details of that report at 24/7 Wall St. …[Continue Reading] [...]

    on October 29th, 2008 at 6:50 pm
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