📱 Apple Stock (AAPL) Price Correction
Recently, Apple’s stock (AAPL) has experienced heavy selling. The share price has dropped from $644 a few weeks ago to around $598 today. The rally that began at the end of 2011 provided investors with almost a 100% return, as shown in the chart below (Yahoo Finance). This price correction is considered entirely reasonable, especially if it does not exceed 10% from the high of $644.
Apple’s fundamentals remain strong (P/E = 17.03 and Dividend Yield = 2.65%), and the company holds approximately $100 billion in cash. Apple’s current market capitalization stands at $558 billion.
Basic Numbers for Apple Stock
Below are some key figures and financial ratios for Apple’s stock:
|
APPLE STOCK (AAP) |
Current Price: $597,71 |
|
$ 310.50 - 644.00 |
|
557.44 Billion USD |
|
17.03 |
|
2.65% |
|
$35.11 |
|
932.37 Million |
|
1.26 |
|
71% |
Trading Center (2012)
