Apple (AAPL) Erases Losses Early on Volume Amid Cook Comments

December 6, 2012 10:20 AM EST Send to a Friend
Apple, Inc. (Nasdaq: AAPL) shares are now in positive territory on a massive pop higher this morning. Shares started the session down 1.8 percent and surged back up within the first 10 to 15 minutes as over 5.5 million shares crossed. At $530 per share, that's nearly $3 billion worth.

Volume is just over 15 million shares today, versus the daily average of about 20.5 million.

Currently, the stock is pulling back, but there appears to be a strong desire in the investment community to get shares back up to the $600 level, a place it hasn't been since late October.

Notably, an interview with CEO Tim Cook will be published in the upcoming edition of BusinessWeek, with the full interview at Bloomberg today.


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