Why Apple Stock Is Gaining Today
(NASDAQ: AAPL) stock is posting significant gains in Friday's trading. The company's share price was up 3.3% as of 3 p.m. ET. Meanwhile, the S 500 (SNPINDEX: ^GSPC) was up 0.3%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.4%.
In addition to positive momentum for the broader market today, especially tech stocks, Apple is getting a lift from a potentially bullish demand indicator for its iPhone lines. According to a recent report from The Information, the tech giant has instructed its manufacturing suppliers to increase production of its base-level iPhone 17 mode.
Image source: Getty Images.
Source Fool.com
Apple Inc. Stock
€234.20
0.240%
Currently there is a rather positive sentiment for Apple Inc. with 108 Buy predictions and 12 Sell predictions.
With a current price of 234.2 € Apple Inc. is right around the predicted target price of 235 €.
