Apple (AAPL) Stock Surges, Briefly Crosses $200 in Early Afternoon Trading May 6th
NEW YORK – Apple Inc (NASDAQ: AAPL) shares demonstrated notable strength in early afternoon trading on May 6th. The technology titan saw its stock price make a significant move upwards, briefly surpassing the key psychological level of $200 per share.
As of 1:13 pm GMT-4, Apple stock was trading at 199.65 USD. This marked a gain of 0.76 USD, or 0.38 percent, for the current session. The stock had opened the day at 198.21 USD, slightly below its previous close of 198.89 USD.
The trading day for Apple has been characterized by upward momentum. After an initial dip to an intraday low of 197.02 USD, the shares rallied impressively to reach an intraday high of 200.65 USD. This peak took the stock above the $200 mark before it settled slightly below that level.
Key financial data for Apple includes a substantial market capitalization reported at 2.98L Cr. The company’s Price-to-Earnings (P/E) ratio is 31.16, and it offers a dividend yield of 0.52 percent to its shareholders.
Apple’s current trading price places it within its 52-week range. Over the past year, AAPL shares have seen a high of 260.09 USD and a low of 169.21 USD. Investors are closely watching the stock’s performance as it continues to show positive signs.
