Apple (AAPL) Stock Gains 4%: It Rises Toward Another Record After Analyst’s Words

Over the past 5 days, the stock price has surged by $ 6.6. The cost broke its record every day. It traded at $ 147.14 last Friday and rose to $ 148.6 during the day. The next workday, it jumped $ 153.40. On Tuesday, the price dropped to $152.6, but immediately a day later, it soared to a historic peak of $154.85, as it is the highest in the last 5 years. On September 2, the stock traded at about the same price. The current worth is $ 153.7.
Shares of Apple increased by 0.3% in premarket trading on Friday, allowing them to open up to record territory. After an optimistic analyst, Dan Ives said that the basic demand for iPhone continues to remain high ahead of the launch of the new version. Also said he is very optimistic with regard to technology stocks, and Apple’s stock is the best of them. He expects that Apple’s market capitalization will reach $ 3 trillion over the next 6-to-12 months. The stock, which closed at a record $153.65 on Thursday, corresponding to a market capitalization of $2.54 trillion, up by 24.4% over the past three months, while the index Dow Jones Industrial Average DJIA increased by 2.5%.

Robert McDowney

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