FYI: Unless you’ve been living in a cave somewhere in the Himalayas, you’ve likely heard that Apple’s (AAPL) stock has struggled lately. But even if you follow Apple closely, you may not realize that it’s currently experiencing its longest correction of the post-iPod era. A “correction” is known to be a decline of at least 10% that was preceded by a rally of at least 10%. Since Apple’s last all-time high of $133 was made on February 23rd, 2015, the stock has fallen 13.89% over the last 164 calendar days, and the stock hasn’t experienced a rally of more than 10% during this time period. This 164-day “correction” is longer than any other one the stock has experienced since Steve Jobs introduced the iPod in October 2001.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/apple-aapl-in-longest-correction-of-the-post-ipod-era/
Comments