Apple’s Shares Pare Losses After Investors Praise New CEO
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Apple Inc. shares pared earlier losses as investors expressed confidence in new Chief Executive Officer Tim Cook and some analysts speculated that the company may offer a dividend or buy back stock.
Apple traded at $373.72, down less than 1 percent, at 4 p.m. New York time on the Nasdaq Stock Market, following a decline of as much as 3 percent earlier in the session. Cook is taking the reins from Steve Jobs, who co-founded the company.