Apple Inc. was trading up 3.5 percent and made a new all-time high on Tuesday as it led the S&P 500 up 2 percent higher by mid-day. Apple has been the strongest of the tech giants recently, making a series of new all-time highs over the past 13 trading days despite the general markets experiencing a 5 percent pull back over the past 11 trading days.
On Monday, Morgan Stanley analyst Katy Huberty maintained an Overweight rating on Apple and raised its price target from $164–$200. A number of options traders believe Apple may hit the price over the coming months and purchased a number of orders with strike price of $200 and $210 and a March expiry.
