Radar Movers: Apple Bounces Higher, AeroVironment Plunges 23%

Shares of Apple (NASDAQ:AAPL) jumped 2.6 percent on Tuesday, as the markets in general experienced a broad rally. Collin Gillis of BGC Financial, who has a Hold rating on Apple, said that despite the continuing weakness, the stock may finally be starting to put in a bottom. “It’s certainly starting to feel like that,” Gillis told CNBC. “It’s been a bit of a falling knife, though,” he said. “Every time you want to catch it, it drops down another 10 points.” Gillis added that there was bound to be some positive news out of the company soon. Hewlett-Packard (NYSE:HPQ) shares also increased 2 percent as the Dow Jones Industrial Average reached a fresh all-time high.