Apple Is On The Rise Again
Apple Inc. (NASDAQ:AAPL) is finally on the move again, after suffering a huge slide in share price from its all-time highs in the fall of last year. The stock had reached highs of more than $700 at one point, but then took a huge downhill ride that brought it below $400 per share. Investors had begun losing faith in Appleâ€™s ability to carry on its impressive run to the top of the worldâ€™s most valuable companies list.
Now, it appears that the company has begun to rally again, and could be heading back toward the top. Recently, analysts have begun to show Apple some love once again, with some offering a price target of $600 by January. The stock is finally beginning to become profitable to shareholders once more.
Apple Inc. (NASDAQ:AAPL) closed higher on December 2nd than it has all year, with a final price of $566.32. This marked a rise of more than $15 per share, or 2.7 percent. This marks the best closing price since December 4th, 2012.
Today, Apple is on the rise, although not by huge margins so far. The stock is currently up .21 percent, or $1.19, to trade at $567.51. Although this is not a huge increase in price, the fact that the stock is moving upwards this morning could be an indicator of another high close tonight.
Is AAPL A Buy?
In light of recent movement, is Apple Inc. (NASDAQ:AAPL) a buy? If predictions from analysts come true, Apple should be generating healthy earnings during the holiday season. Sales figures from Black Friday and Cyber Monday both indicated that Apple has a healthy pulse this year, and its gadgets are still on top of many wish lists. If such is the case, then Apple could make sense as a long term investment. The company is healthy, strong, and still in very high demand.
Another factor to consider is the China Mobile deal that is rumored to be launching on December 18th. If this rumor proves true, then Apple will see exposure to the largest customer base in China for its iPhone 5 series. A deal like this could push Apple shares further.
Disclosure: Author represents that he holds no position in any stocks mentioned at the time this article was submitted.