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Why Apple Stock Jumped on Monday

TheMotleyFool

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Shares of tech company Apple (NASDAQ: AAPL) jumped on Monday, rising as much as 5%. As of 2:03 p.m. EDT, the stock was up 4.7%.

The stock's gain follows the company's stock split. Shares of the tech company started trading on a split-adjusted basis Monday morning. While the stock split may be one reason for the stock's sharp gain on Monday, optimism may also be fueled by some bullish notes from analysts.

Image source: Getty Images.

Source Fool.com

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