Shares of Apple rose as much as 1.7% during intraday trading Thursday to yet another fresh high this year for the largest publicly traded company in the US.
If the share price increase holds, it will be the third day of gains this week for the technology company. So far this year, Apple has gained more than 80% through Tuesday’s close. It’s the best annual performance since the company’s roughly 150% rise in 2009.
Apple’s annual performance in 2019 has handily beat performance in the S&P 500 index, which is up about 30% year-to-date.
So far this year, the company has added roughly $530 billion in market value and is currently worth roughly $1.28 trillion.
Apple has a consensus price target of $267.64, about 7% below where the stock is currently trading at roughly $288 per share. Still, the company has 28 “buy” ratings, 14 “hold” ratings, and 7 “sell” ratings from Wall Street analysts that cover the company, according to Bloomberg data.