Apple's (AAPL) Shares Rebound

Shares of Apple (AAPL) tanked badly during the day due to a rumor that Apple Chief Operating Officer Tim Cook was leaving the company. The Street was buzzing with talk that Cook was fleeing Apple for HP. Well it appears that the rumors were just Wall Street gossip. Cook announced that he was going nowhere and staying at Apple. The stock rebounded to end the day down only 1.5%. That was a pretty good comeback considering that the stock was down to $275 during the day. The news that Cook will be staying at Apple is good news to the company's shareholders.