Why did Apple stock drop today?
Shares of Apple (NASDAQ:AAPL) were slammed today, with the stock falling as much as 9% at one point. Much of the tech stock’s decline was likely fueled by the market’s overall sharp decline on Monday. But a report on low iPhone sales in China during February is probably weighing on shares as well.
Is Apple a good stock to buy 2020?
Apple AAPL stock hit another new high on Friday as it continues 2020 on the impressive hot streak it went on last year. The iPhone giant’s shares have soared over 100% in the last 12 months, while the S&P 500 is up just 25%. Apple’s 12-month surge came despite the fact that its full-year fiscal 2019 sales slipped 2%.
Is Apple stock a good buy right now?
11, Apple stock rose above its prior all-time high of 233.47 set in October 2018. AAPL stock is now near the 280 price level, some 26% above the buy point. When stocks become 20% to 25% extended beyond a buy point, that’s usually a good time to take some profits.
Will Apple stock drop more?
Apple (NASDAQ:AAPL) stock has fallen by more than 10% since the company issued a revenue warning. According to a Bloomberg report, the company’s iPhone sales in China fell in January. The company expects a bigger decline in February. The coronavirus outbreak has also impacted iPhone production.