Apple shares are trading up 2% at $227.41 — the best Dow stock so far today — and fresh off a record high of $228.26, after the tech giant confirmed its next big media event will be held on Sept. 12 and at which new iPhones and other products will be revealed.
The equity may also be reacting to a CNBC interview with Warren Buffett, who said Berkshire Hathaway bought “just a little more” Apple stock recently, and called the iPhone “enormously underpriced,” notes Schaeffer’s Research.
Should the stock hold these gains through the close, it will mark Apple’s seventh straight win — the longest streak since May. The shares are now pacing toward an August gain of 19.6%, which would be their best monthly return since April 2009.
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