Market Insider

Buffett bounce: Apple's stock pops after Berkshire Hathaway buys in

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Shares of Apple got a boost as Warren Buffett's Berkshire Hathaway announced a new $1 billion stake in the tech giant and CEO Tim Cook toured China. The stock was the best performer on the Dow Monday, up more than 3.7 percent .

Apple's stock closed at $93.88 a share, down from its 52-week high of $132.97. The shares have fallen nearly 11 percent year to date, after the company missed analyst expectations for quarterly earnings and revenue, and iPhone sales sank for the first time ever.