NEW YORK (TheStreet) --
Apple shares reversed earlier losses, gaining 1.2% to $463.20, on speculation the company is accelerating its stock-buyback program.
Twitter was aflurry with the rumor making rounds that Apple
, which announced a buyback program in early 2012, would be speeding it up. In March 2012, Apple said it would spend $10 billion on a share-repurchase program and initiate a quarterly dividend of $2.65 per share. The Cupertino, Calif.-based company said it expects to spend $45 billion over the next three years.
Apple couldn't immediately be reached for comment for this story.
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