APP is trading at $438 (+6.71%) in pre-market, significantly outpacing yesterday's close of $410.44 as markets react to reports of a US-Iran ceasefire.
- The stock is riding a broad market surge that has seen NASDAQ futures climb 3.18% and Asian markets jump 3-7% following a 15% plunge in oil prices.
- While no company-specific news was released today, leadership changes announced on April 7 may be providing an additional tailwind amid the global risk-on sentiment.