Radar Movers: Apple Jumps 3%, HP and Dell Pop 5%
Shares of Apple (NASDAQ:AAPL) began the new year by jumping more than 3 percent. According to The Next Web, the tech giant has already begun testing a new iPhone as well as the next version of the iOS mobile operating system. The website said application developers had found references to a new iPhone identifier, iPhone 6.1, and iOS 7 in their app usage logs. The iPhone 5, which was launched in September last year, uses the identifiers “iPhone 5.1” and “iPhone 5.2.” It runs on iOS 6. The requests originate from an Internet protocol address on Apple’s Cupertino campus.
Despite a horrible 2012, Hewlett-Packard (NYSE:HPQ) shares surged 5.4 percent and continues to attract attention in late afternoon trading. The company may cut loose some of its underperforming elements, including its PC and printer divisions, which together accounted for 49 percent of the company’s total sales in fiscal 2012. Dell (NASDAQ:DELL) also surged more than 5 percent on the news.
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LinkedIn (NYSE:LNKD) shares slipped 1.9 percent and continues to edge lower in late afternoon hours. The world’s largest professional network on the Internet missed the fiscal cliff celebration rally by receiving a downgrade from Barclays Capital. Analyst Mark May cut his rating from Overweight to Equal Weight, while keeping his price target on shares at $125.
Shares of Goldman Sachs (NYSE:GS) closed the first trading day of 2013 with a 3.2 percent gain. The investment firm expedited the delivery of $65 million in stock awards to ten executives. According to filings made with the U.S. Securities and Exchange Commission on December 31, Chief Executive Officer Lloyd C. Blankfein received 66,065 shares of restricted stock, worth $8.43 million at the closing share price that day, as did Goldman Sachs president and chief operating officer Gary D. Cohn, and the company’s chief financial officer David A. Viniar.
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