Radar Movers: BlackBerry Surges 5% on Buyout Chatter, Apple TV Coming Soon?
Despite a broad market rally, Microsoft (NASDAQ:MSFT) shares declined more than 2 percent on Wednesday. The company’s Xbox One will be dropping in stores November 22, one week after Sony’s PlayStation 4. However, European markets will reportedly have access to the device a week before that date. Xbox exec Yusuf Mehdi says most of Microsoft’s preorder supply has been sold out, and the PlayStation 4 has apparently surpassed 1 million preorders.
Shares of General Motors (NYSE:GM) surged 5 percent on Wednesday and continued to edge higher in late afternoon hours. The automaker delivered 275,847 vehicles in the United States last month, up 15 percent from a year earlier. Meanwhile, retail sales jumped 22 percent. “The second half of 2013 is off to a very solid start for GM and our model-year change over and new product launches are going smoothly,” said Kurt McNeil, vice president, U.S. sales operations. Shares of Ford Motor (NYSE:F) gained 3.5 percent on Wednesday.
BlackBerry (NASDAQ:BBRY) shares rose 5.3 percent on Wednesday and gained another 1.8 percent in late afternoon trading. According to Dow Jones and people familiar with the matter, BlackBerry is trying to find a buyer for the company by this November.
Apple (NASDAQ:AAPL) shares jumped 2 percent on Wednesday, but still closed slightly under $500. Global trade intelligence firm Panjiva pointed out that Apple received large set-top shipments from Chinese contract manufacturer BYD Precision last month, indicating that there might be a new Apple TV set-top unveiled at the iPhone event on Tuesday. Other speculation and observations have also pointed to Apple’s sooner-rather-than-later Apple TV replacement, though the company has remained mute on the subject.
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