Apple shares jump on news of Jan. 27 event

The news that Apple is going to announce something on January 27th has the stock market in a tizzy. At one point this morning, Apple shares were up to $214.16, up $8.23 or about 4.0%.

Apple set a 52-week high with a share price of $215.59 on January 5, 2010, up 275.6% over the 52-week low set on January 20, 2009.

The Dow Jones Industrial Average, by comparison, was up only .95% shortly after 1 PM ET today, and the NASDAQ index was up about 1.17%.

It should be noted that Apple share prices traditionally fall after an announcement, but it will be fascinating to see if AAPL is able to hit a new high prior to the January 27th event.

[via MacDailyNews]
This article was originally published on Tuaw.