Apple Inc. AAPL shares are trading higher by $0.47 at $106.39 in Monday's session. Earlier in the day, the issue reached its highest level since its Q1 earnings report after the close ($99.99) on January 26.
In the meantime, it threatened to breach its August 24 Flash Crash-low of $92 on a few different occasions, with the lowest print being $92.39 on January 23.
Since that day, it has battled back aided by a few Wall Street upgrades as well as strong rally in the broad market that has bolstered a variety of issues (many with earnings to supporting the rally in price).
After bottoming off its opening print ($105.93), which is one penny above Friday's close, it has rallied to $107.65 before retreating to the $106 area. That marks the highest level for the issue since it peaked on December 30 at $108.70.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
