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Apple stock soars on eve of iPad announcements

Apple stock soars on eve of iPad announcements
Apple will unveil the latest version of its iPad and iPad Mini on Tuesday. (Kimihiro Hoshino / AFP/Getty Images)

As Apple gears up Tuesday to reveal its latest versions of the iPad and iPad Mini, investors seem to be finally getting a bit more optimistic about all these new product launches.

On Monday, Apple's stock was up 2.84%, or $14.43, to $523.32 in mid-day trading. 

Within a week of the Sept. 10 iPhone announcements, Apple's stock has tumbled to $450.12.

The company slowly regained momentum, helped by Apple's announcement that it had sold a record 9 million new iPhones during the first weekend.

That puts the stock with reach of its highest point this year, $549.03 on Jan. 2, though it has a way to go to crack the $700 barrier it reached in September 2012.

AAPL data by YCharts

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