Shares of tech giant Apple have gained more than 11% in intraday trading today after rumors regarding the sale of the iPhone in China. Allegedly, China Mobile's CEO told reporters that the company was negotiating with Apple regarding an offer of the smartphone, though Apple reps have not yet declined.
Wall Street seems to agree with investors' optimism, as analysts polled by Zacks currently give Apple 9 strong buy ratings, 6 buy ratings, 4 hold ratings, and no sell or strong sell ratings. Zacks has AAPL ranked at 1, the best possible rating.
Technically speaking, Apple has had a rather volatile week: after marking yet another all-time high November 7, shares dropped more than 22% in less than a week. Currently, the stock is trading at $170.64, up 11.11%.