Apple (AAPL) Hits $600 Again

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HFA Staff
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Apple Inc. (NASDAQ:AAPL)’s share price shrugged off news of trouble with regulators in Italy and the low-key results of one of its Taiwanese suppliers, to again air-kiss the $600 price level today. Up $6.49, or 1.10 percent, the stock just touched $600 and then retracted. It may be in course to take out its earlier high this year of $644 achieved in April. In March, when Apple first hit $600, analysts such as Morgan Stanley projected a price of $1,000 within twelve months. The situation is not very much different today with Brian White of Topeka Capital Market setting a…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.