Apple Inc.’s AAPL, +0.32% stock rose 0.4% toward a record close in afternoon trade Tuesday, putting it on track to match the longest win streaks in the past eight years. A gain Tuesday would stretch the stock’s win to nine sessions, and would be the fifth nine-day win streak since it rose for 10-straight sessions during the win streak ended Oct. 18, 2010. The previous nine-day win streaks ended on May 10, 2018, July 19, 2017, Aug. 25, 2014 and Oct. 21, 2013. The shares are also headed for a sixth-straight record close. Apple’s stock has rallied 6.2% during its current streak; it had soared 17.1% during the 9-day streak ended May 10, 2018. The gains on Tuesday come after Canaccord Genuity raised its stock price target on Apple to $250 from $220, and about a week before it unveils its new iPhone lineup on Sept. 12. The stock has soared 35% year to date, while the Nasdaq Composite COMP, -0.23% has hiked up 17% and the Dow Jones Industrial Average DJIA, -0.05% has gained 4.9%.
Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.