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SPOTIFY, APPLE
RIDING HIGH

Spotify stock is currently trading at nearly $165 per share, up 3.30+ from its opening. The closing price of $164.97 is a high for the week and the closest the stock has been to its peak price of $169 since opening. 

These gains are taking place, it should be noted, in a down market. 

Sony, Music Business Worldwide has just reported, has sold 50% of its Spotify stock, realizing an estimated $750m gain.

In other Wall Street action, Apple shares are up 4.2% to $169.10 in after-market trading after the tech giant reported a Q2 EPS of $2.73, beating analysts’ expectations by a big fat nickel. Apple’s quarterly revenue of $61.1b represents a 15.5% year-over-year jump.

 

HITS LIST: AMPERSANDS
Dynamic duos (12/3a)
TAYLOR'S TREMENDOUS YEAR
She'd make one helluva CEO. (12/3a)
THEY CALL THE WINDFALL MARIAH (HOLIDAY EDITION)
Ch-chingle bells (12/3a)
SONG REVENUE:
BOWS OF HOLLY
Adele is money. (12/3a)
UTA MUSIC EXPANDS IN NASHVILLE
Reshuffling the deck (12/3a)
CHESTNUTS
Roasting.
STOCKINGS
Stuffing.
PIPERS
Piping.
SANTA
Coming.
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