Why Apple Stock Got Crushed on Monday
Shares of (NASDAQ: AAPL) got bruised on Monday, slipping as much as 10.9%. As of 11:59 a.m. ET, the stock was still down 3.7%.
The major market indexes were all under pressure Monday, partially the result of a carry trade rout sparked by a rate hike by the Bank of Japan. However, Apple had its own problems, as one of the company's biggest proponents sold a huge block of stock.
It's no secret that Berkshire Hathaway CEO Warren Buffett has long been a fan of Apple stock. Since Berkshire's first investment back in 2016, Buffett has been a celebrated Apple bull, with the consumer electronics giant representing Berkshire's biggest equity holding.
Source Fool.com
Apple Inc. Stock
€229.60
2.750%
Our community is currently high on Apple Inc. with 88 Buy predictions and 8 Sell predictions.
As a result the target price of 232 € shows a slightly positive potential of 1.05% compared to the current price of 229.6 € for Apple Inc..
