One day after Cupertino’s Apple Inc. (AAPL) reported an extraordinary 67 percent fourth quarter profit increase compared with the same quarter last year, its stock price continued to soar in mid-afternoon trading Eastern Standard Time. It was trading at more than $185 per share, a 6.45 percent price increase. It was the highest price increase of any of the 50 Bay Area public companies tracked by The Examiner today.
It was followed by Intuitive Surgical Inc. (ISRG), whose share price was up 5.61percent.
The market overall was decidedly up in mid-afternoon trading, with the Dow up more than 70 points, or .52 percent, the Nasdaq up more than 1.04 percent and the S&P 500 up more than .48 percent
Not all boats were lifted: BEA Systems Inc. (BEAS), the subject of recent hostile-takeover discussions by Redwood City’s Oracle Corp. (ORCL), saw its share price down 3.55 percent. Today, Oracle said it would give BEA until Sunday to accept its $6.7 billion takeover bid, according to Reuters, “dampening investor hopes of a higher offer.”
BEA’s stock was the most heavily-traded by volume among any Bay Area stock this afternoon so far, with more than 73 million shares traded.