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AAPL Stock: 124.25 ( -0.18 )

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Apple shares rebound on analyst comments

updated 05:00 pm EST, Wed December 27, 2006

Apple shares rebound

Shares of Apple today rebounded after falling as much as 6 percent after a new report surfaced on stock the company's stock options scandal and CEO Steve Jobs' decision to seek independent legal counsel, according to Reuters. A report from The Recorder at Law.com earlier today said federal prosecutors were focusing on 'falsified' documents in their probe, but industry analysts from research firms Piper Jaffray and UBS were quick to voice that Apple's CEO is still not likely to be implicated as a result of the latest findings, and that reactions to the initial report were exaggerated as a result of bolstered stock options scandal fears.




by MacNN Staff

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