“Apple Inc. (AAPL) already was recovering from its lows when Carl Icahn tweeted that he had purchased a large stake in the consumer electronics giant,” Jon C. Ogg reports for 24/7 Wall St.
“Also note that Apple’s stock price has been challenging $500 for more than a week now,” Ogg reports. “So what happens when UBS issues a research report maintaining its Buy rating but adjusting its price target up to $560 from $500?”
Ogg reports, “The stock has traded as high as $510.57 on Tuesday and $513.74 on Monday. Those will be crucial stock levels to watch if the rally recovers.”
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