Apple stock rises to over $342 intra-day


On a day where the Dow Jones Industrial Average is down by US$38.20 and the Nasdaq composite is nearly flat, once again, AAPL is bucking the trend and going straight up. At this writing, Apple stock is at $342.05, (a new intra-day high) and bouncing. So far the stock is up $5.93 or 1.76 percent on moderate volume. I'm sure that this is at least partially due to the anticipated Verizon (VZW) announcement tomorrow. Surprisingly enough, Verizon is about flat for the day, trading at $36.01 or up only $0.08 so far. If the Verizon announcement goes as we all hope, I can see this continuing, but who knows?

So if you've got 'em, hold 'em.

*Verizon has acquired AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.

This article was originally published on Tuaw.