Apple Rises With Valuation Closing In on $2 Trillion Milestone
- Stock needs to gain about 5% for market cap to top threshold
- Analysts are bullish but express caution after recent advance
Tim Cook gives a peace sign after speaking during an event.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Apple Inc. shares rose in premarket trading Monday, extending a recent advance that has brought the company within striking distance of a historic $2 trillion valuation.
Shares rose 1.5% before the bell and have almost doubled from a March low. Much of the iPhone maker’s recent surge came in the wake of second-quarter results that were much stronger than expected. Retail investors have also been positive about a planned stock split.