Apple shares rise in advance of much-anticipated Time Flies event

Investors in the America's most valuable publicly traded company have had a bumpy ride since a 4:1 stock split at the end of trading on August 28. (See chart below.)

But today, Apple stock rose three percent to reach US$115.36. That lifted its value back to US$2 trillion.

This came a day before its "Time Flies" announcement, which is creating a great deal of buzz among techies.

Whathifi.com is betting that all the hype is about the release of Apple Watch Series 6, given that Time Flies is the event's name.

"The high-end ticker is expected to sport a similar design to the Series 5," it stated, "but with speedier internals and blood oxygen monitor."

Macworld contributor Dan Moren agrees that a new Apple Watch, or possibly even iPad Air models, may be unveiled.

"Presumably that means a Series 6," he wrote, "but rumors have also circulated around an additional lower cost model to replace the aging Series 3."

Nobody is expecting a new Apple car, however, even though that was mentioned by former CEO Steve Jobs as far back as 2008.

In the meantime, investors can take pleasure in how the stock fared today, in comparison to much of this month.