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Why Apple Stock Just Popped 5%

TheMotleyFool

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Shares of Apple (NASDAQ: AAPL) were up a strong 4.6% as of 12:20 p.m. EDT on Wednesday. Presumably, this is partly a reaction to and a recovery from the tech sell-off that began late last week and stretched into Tuesday. As of 12:20 p.m. EDT, the Nasdaq was up 2.9%, a rebound helped by Apple's own stock surge.

The iPhone maker's shares had fallen 16% through Tuesday's close, and were probably due to get a little of that back if from nothing else, then from short-sellers closing their positions and collecting their winnings.

Investors were starving for another bite of Apple today. Image source: Getty Images.

Source Fool.com

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