Apple stock up

MGN Online Photo
Wednesday, May 8, 2013 - 10:17am

 

Apple stock is hot again, thanks in part to the tech company's buyback program. Shares of Apple are up about 20-percent from last month.

The rally came after apple said it planned to return 100 billion dollars to shareholders over the next three years, mainly by buying back its own stock. Apple sold a record 17-billion dollars worth of bonds to help finance the initiative.

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