The technology sector started the year with strong rally Wednesday, following a broad-market advance driven by interest over a fiscal cliff deal between President Obama and Congress. There was a small number of tech companies that failed to join the gains, however, most notably Linkedin Corporation (NYSE:LNKD).
In corporate news, Apple Inc. (NASDAQ:AAPL) is already on track to roll out new improved version of the MacBook Air and MacBook Pro by the end of first half this year, according to a report in Digitimes.[article_detail_ad_1]
The report claims that the world’s most valuable company has asked supply chain makers to improve the notebook models. The report also suggests that Apple could offer cut in price of the old MacBook Air models prior to the release of the new version and thus bring makers of Ultrabooks under pressure. AAPL stock added $16.86 to close at $549.03.
A quick look on Apple Inc. (AAPL)’s price history reveals beta used to measure the volatility or systematic risk in comparison to the market as a whole was 0.93 and the percentage change in the price over the past 52 weeks remained at +31.34%. The price range in those 52 weeks had a best score of $705.07 on Sep 21, 2012 while lowest level during that period was $412.67 on Jan 05, 2012.
Intel Corporation (NASDAQ:INTC) moved up 3.69% on Wednesday on reports that the company is set to launch a new set-top box (STB) at CES this year. INTC’s price history has shown most recently beta at 1.03. Overall during the last 12 months, the percentage change in the price was -15.83%, hitting the highest of $29.27 on May 03, 2012 while lowest level in that period was $19.23 on Nov 21, 2012.
Oracle Corporation(NASDAQ:ORCL)’s shares rallied 4.11% on first trading day of 2013 after it was chosen as Best Business Intelligence Vendor at the V3 Technology Awards 2012. The stock most recently had a beta value at 1.50 and the percentage change in the price over the last fifty two weeks remained at 30.46%. The price range in that 1-year period had a worst hit of $25.33 on May 18, 2012.
The share price of AT&T Inc.(NYSE:T) jumped 3.83% yesterday and stock’s price history revealed that beta was maintained at 0.43 and the percentage change in the price over the last fifty two weeks remained as +15.13%.