Investors are liking what they see with sales of the Palm Pre, and the market has responded with Palm’s stock trading at a 52-week high, closing on June 16th at $14.38. The rising stock is likely due to two factors: the announcement of Jon Rubinstein assuming the CEO mantle and Pre sales performing better than expected.

Pre sales could possibly hit 500,000 units by August, according to Pacific Crest Securities analyst James Faucette. This bodes well for Palm and for all of us Pre owners. More Pre sales equals more webOS app development and support. So far, Palm is on the right track for a solid comeback.

Source: Palm Infocenter