Slide in AAPL stock price continues into 5th day, but needs to be viewed in context, say analysts
Apple shares dropped a further 0.6% yesterday, making five straight days of decline. There has also been an increase in the number of investors ‘shorting’ AAPL – effectively betting that the share price will fall.
But while some are pointing to the dramatic scale of the total loss in market capitalization, others say that the numbers need to be viewed in context.
One commentary noted that the total loss in value experienced by the five largest U.S. tech companies in one week was enough to have bought Boeing …