Shares in Apple Inc. traded in record territory during the intraday session Monday, with AAPL hitting a high mark of US$325.06 just before noon (EST), and trading in a narrow band all above its previous closing high from $323.31 - $325.06 per share.
Renewed coverage of AAPL from Goldman Sacks, which initiated coverage with a BUY rating on Sunday and a price target of $430 likely helped kick off today’s gains (see our full coverage for more information), but the broader markets were all in positive territory throughout morning and early afternoon session.
The DOW was at 11,466.140, up 55.82 (+0.49%); the NASDAQ was at 2,639.120, up 1.58 (+0.06%) (it had one brief dip into negative territory just after the opening bell); and the S&P 500 was at 1,245.540, up 5.14 (+0.41%).
As of this writing, AAPL was trading at $324.38 per share, up $3.82 (+1.19%), on strong volume of more than 10.7 million shares trading hands.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.