Apple (NASDAQ:AAPL) Soars on Stock Split Speculations; May Announce at Yearly Meeting

Tech sector hiked in late trading session on Tuesday with Apple Inc (NASDAQ:AAPL) among the gainers as rumors circulated that the Cupertino, California based company might declare a stock split at its yearly shareholders’ summit.

Shares of Apple moved up $5.06 per share or 1.2% to settle at $448.18 on speculation regarding the possibility of stock split at its annual summit on Wednesday.

Apple officials did not immediately respond on this issue. Apple has done 2-for-1 stock splits 3 times in its history, with the most recent coming in February 2005.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Concurrent Computer Corporation (NASDAQ:CCUR) fell -1.54% to settle at $7.01, Digi International Inc. (NASDAQ:DGII) moved down -1.20% to end at $9.88 while Avid Technology, Inc. (NASDAQ:AVID) dropped -1.15% to finish at $6.90 on Tuesday.

Apple Inc. (NASDAQ:AAPL) last session’s volume of 17.91 million shares was surprisingly lower than its average volume of 20.95 million shares. The stock after opening at $443.82 hit high price of $451.54 and then closed at $448.97 by scoring +1.39%.

The liquidity measure in recent quarter results of the company was recorded 1.54 as current ratio. The Company had total cash of $39.82 billion at hand and a book value per share as $135.62 in the most recent quarter.

The stock’s price volatility was 2.11% for a week and 2.44% for a month as well as price volatility’s Average True Range for 14 days was 12.44 and its beta remained at 1.04.

AAPL generated revenue of $164.69 billion in the previous twelve months and earned $41.75 billion. The Company showed a positive 25.35% in the net profit margin as well as in its operating margin which remained at 33.46%. Company’s annual sales growth for the past five years was 44.81%.

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