Even though the jury is still out on the overall success of the Pre (hey, it’s early in the game here), and even though Palm has announced a loss of another $100 million (chump change when “trillion” is thrown around so casually), Wall Street likes what they see and Palm stock jumped up more than 16% yesterday and today. Perhaps there will be even more positive stock performance when the Eos is released? Good job, Palm. Let’s keep that blue line moving up and up so that we can all plan on great Palm products for years to come.

Source: Palm Infocenter

Palm stock prices have dipped a little today after enjoying a 52-week high just yesterday. The market in general has lagged a bit today, but given that the Palm Pre and Apple’s iPhone are the most compared handsets at the moment, maybe Palm’s stock dip could be partly attributed to Apple’s release of the much-awaited 3.0 firmware update today. The 3.0 update gives the iPhone some sorely-needed features that the Pre offered on day one – notably a universal search feature and copy/paste. In spite of market fluctuations, it’s great to see Palm gaining strength as their webOS-based Pre continues to sell.

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