Apple Inc (NASDAQ:AAPL), world’s most valuable company by market value, on Tuesday won a court order immediately banning United States sales of Samsung Electronics Co’s Galaxy Tab 10.1 tablet computer as the corporations litigate Apple’s patent-violation charges.
U.S. District Judge Lucy Koh in San Jose, California, issued the order today after rejecting a similar request in December.
Apple’s request was based on an appeals court finding that it would probably get its patent-infringement charge relating to the Tab 10.1 tablet.
Koh reported in today’s ruling that although Samsung would essentially be harmed in this case by being forced to remove its product from the market before the merits can be determined after a full inquiry, the damage faced by Apple absent a ban on the Galaxy Tab 10.1 was greater.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Dell Inc. (NASDAQ:DELL) decreased -0.17% to settle at $11.93, Hewlett-Packard Company (NYSE:HPQ) moved down -0.97% to end at $19.35 while Priceline.com Inc (NASDAQ:PCLN) surged +0.72% to finish on Tuesday at $656.36.
Apple Inc (NASDAQ:AAPL) on June 26, 2012 it increased +0.22% to the closing price of $572.03. The overall volume in the last trading session was 9.88 million shares. Its fifty two week range was $327.25-$644.00. The total market capitalization remained $534.88 billion.
AAPL is ahead its 52 week low with +74.80% and lagging behind from its 52 week high price with -11.18%. AAPL last month stock price volatility remained 1.78%. In its share capital AAPL has 935.06 million outstanding shares among them 934.45 million shares have been floated in market exchange. AAPL stock institutional ownership remained 68.78% while insider ownership included 0.03%.
The stock price of AAPL is moving down from its 20 days moving average with -0.48% and remote negatively from 50 days moving average with -0.29%. AAPL current year earnings per share experienced an addition with +82.63% while its current quarter performance remained -6.91%. Company’s beta coefficient included 1.22. Beta factors measures the amount of market risk associated with market trade.
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