Technology Stocks Mixed in Pre-Market Trading

Strategic Insights -

In pre-market trading, technology shares are mostly lower, except for Apple, which is seeing fractional gains ahead of the open. Apple's shares are up due to the company offering discounts on its iPad 2, iPod, MacBoook, and iMac products. This promotional event, announced earlier in the week, has contributed to Apple's 0.28% gain, with the stock price increasing by $1.01 to $368.00. Meanwhile, AT&T Inc. shares are down 0.3% ahead of the open, as the company signals a growing likelihood that its planned $39 billion acquisition of T-Mobile USA may fail.

Key Takeaways:

  • Apple's shares are up 0.28%, or $1.01, to $368.00, following the company's special one-day shopping event, where discounts are being offered on various products.
  • The promotional event was teased by Apple earlier in the week, and it seems to have positively impacted the company's stock price.
  • AT&T Inc. shares are down 0.3% ahead of the open, as the company's planned $39 billion acquisition of T-Mobile USA may be facing challenges.
  • The acquisition, which was first mentioned in previous news outlets, is now showing signs of potential failure.
  • Technology shares are mostly lower in pre-market trading, except for Apple, which is seeing fractional gains.
  • The latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a downtrend on 10-21-2011 for AAPL and an uptrend on 10-14-2011 for T.

Statistics:

  • Apple's stock price increased by $1.01 to $368.00.
  • AT&T Inc. shares are down 0.3% ahead of the open.
  • The planned $39 billion acquisition of T-Mobile USA signals a potential failure, which may impact AT&T Inc.'s stock performance.
  • The latest Comtex SmarTrend Alert indicated a downtrend on 10-21-2011 for AAPL and an uptrend on 10-14-2011 for T.

Sources:

  • MidnightTrader via COMTEX
  • TheStreet.com
  • Wall Street Journal
  • Comtex News Network, Inc.