Saturday March 02, 2013

Apple Stock Falls to a New Low

If you were one of the many who purchased Apple stock within the past year, you are part of an exclusive Apple club; the ones who lost money buying Apple stock. Apple is down 40% from its high last September. Apple’s stock closed at $430 on Friday afternoon.

Others are related to sentiment and changes in Apple's shareholder base ("Momentum" and "growth" investors are dumping the stock, on the theory that Apple's growth days are over.