Why Apple Stock Jumped on Monday

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.

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Source Fool.com