Apple shares (NASDAQ: AAPL) are surging. In the ongoing week, the share price has jumped by 3.76% from $188.02 on Monday to $195.09 on Tuesday. One of the primary factors driving the current rise is the report that Apple may keep half of the subscription revenues from the forthcoming streaming service. The price of Apple averaged over the first four days of the ongoing week is $189.45. Let us check how this price compares with the highest weekly average price in last 52 weeks.
According to our 52-week analysis of Apple shares, the highest weekly average price was $226.41 during the 39th week of 2018. This price is 19% higher than that of the current week’s average price. Hence, the stock may not cross the $226 figure this week. But if the surge continues longer, Apple may break the record in a few weeks time.