Why Apple Stock Gained 11% in November
Shares of Apple (NASDAQ: AAPL), the world's most valuable company, popped last month. The stock gained early in the month as the company reported fiscal fourth-quarter earnings, and trended with the S 500 over most of the rest of the month.
A weaker-than-expected October inflation report drove Apple stock higher in the middle of the month as the iPhone maker depends on consumer discretionary spending, and consumers have more money to spend when inflation is lower.
According to data from S&P Global Market Intelligence, the stock finished the month up 11%. The chart below shows its performance over the course of the month.
Source Fool.com
Apple Inc. Stock
€202.85
0.320%
Currently there is a rather positive sentiment for Apple Inc. with 136 Buy predictions and 19 Sell predictions.
With a target price of 222 € there is a slightly positive potential of 9.44% for Apple Inc. compared to the current price of 202.85 €.
