Apple has been somewhat immune to the crisis with its shares rising 2.81% to $122.39 at 11:05 EST on Tuesday, after four consecutive sessions in a row of gains. The Nasdaq Stock Market is jumping 1.03% to $12,324.80, following yesterday’s downward trend, on what so far seems, an all-around positive trend trading session today.
Apple’s last close was $119.05, 12.74% below its 52-week high of $137.98.
News about Apple today
Amazon makes mac commitment, opening door to Apple developers. According to today’s article on The Wall Street Journal, “Tech giants Amazon and Apple are joining forces to support the growing number of companies developing apps and other software for Apple devices..”
According to today’s article on Bloomberg Quint, “Amazon Unveils Cloud Service to Power Apple App Development.”
Apple’s sales growth is 15.3% for the ongoing quarter and 24.5% for the next. The company’s growth estimates for the ongoing quarter and the next is 11.2% and 34.4%, respectively.
Year-on-year quarterly revenue growth grew by 1%, now sitting on 274.52B for the twelve trailing months.
Apple’s Stock Top and Bottom Yearly Value
Apple’s stock is valued at $122.39 at 11:05 EST, way below its 52-week high of $137.98 and way higher than its 52-week low of $53.15.
Apple’s Moving Average
Apple’s value is above its 50-day moving average of $116.89 and way above its 200-day moving average of $105.60.
Previous days news about Apple
According to yesterday’s article on Bloomberg Quint, “Apple Hires Prominent Venture Capitalist for App Store Role.”
Apple hires prominent venture capitalist for app store role. According to yesterday’s article on Bloomberg Quint, “Apple has hired Josh Elman, a former venture capitalist to work on the App Store..”