Apple stock so far escaping anticipated Jobs-related plunge
updated 03:25 pm EDT, Thu October 6, 2011
May show confidence in Apple edifice
Apple stock has so far gone largely unscathed in Thursday trading despite the loss of Steve Jobs, checks show. As of this writing share prices are currently sitting just under $376, actually more than $2 above their opening level on Thursday. During the day stock has vacillated anywhere between $371.80 and $384.78.
After Jobs' death some concerns immediately turned to the impact on investments, since the company's fate has long been linked to Jobs' influence over minute details of products and corporate affairs. He has not been CEO since August however, which may have softened today's blow. The stock's stability may also be showing confidence in the corporate culture at Apple, as well as its recently-appointed replacement CEO, Tim Cook. Cook has been with the company for many years; prior to taking on the CEO role, he was already the chief operating officer.
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Joined: Sep 1999
The 10% factor
Was already built into the number from the $400+ days.