Apple Stock Is Down 20% -- Time to Buy?
As part of a sell-off of tech stocks during the first few weeks of September, Apple's (NASDAQ: AAPL) market capitalization quietly took a $500 billion haircut. While shares seemed to find a bottom on Monday when the stock rose 3%, the tech giant's stock is still notably down 20% from an intraday high on Sep. 1.
With a fifth of Apple stock's value getting erased in less than a month, is this a good buying opportunity? Or is there merit to the stock's much lower price?
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Source Fool.com