Technically speaking, Apple, Inc. has been quite a loser recently. Between earnings and analysts’ reports, Apple has clearly grown out of favor. With a 52 week high of 132.97, its current trading price of $94.19 is trading 29.20% from its highs. In comparison, the E-Mini S&P 500 June, 2016 Contract, which reached its high on May 21st, 2015, has fallen a mere 2.79% as of Wednesday’s close. While Stocks go in and out of favor, this is quite a substantial move for a company which is innovative, has huge cash reserves and trades at a Price Earnings Ratio of about 10.5. I know that Wall Street is big on growth, but this type of lambasting is typical of any tremendously out of favor instrument.
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