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Aug 6, 02:50 PM
Apple Jumps 5.8%, Biggest One-Day Rally Since May 12
Stocks
Business

Apple Jumps 5.8%, Biggest One-Day Rally Since May 12

Authors
  • *Walter Bloomberg
  • Evan
  • LiveSquawk
11

Apple Inc. shares surged as much as 5.8% in New York trading on Wednesday, marking their sharpest intraday advance since May 12. The rally began in the pre-market session, when the stock was already up 1.6%, and gathered pace throughout the morning. Traders pointed to heavy call buying for August contracts, with net options delta rising to about 4.5 million shares, as a key driver of momentum.

Written with ChatGPT .

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