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.