The stock of consumer electronics giant Apple (AAPL) has hit an all-time high as a rally that began after the company’s latest earnings report continues unabated.
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The iPhone make had begun the year as one of the worst-performing mega-cap technology stocks, alongside Microsoft (MSFT). However, in the last month, AAPL stock has rallied 13% to hit a fresh record high in the process.
In late morning trading on May 15, AAPL stock was changing hands at an all-time high of $301.68 on a split-adjusted basis. The shares were up 1% on the day while the broader stock market was in the red, with the Nasdaq exchange (NDAQ) down more than 300 points.