Apple Stock Is Down 13% From Its High. Time to Buy?
Apple stock has seen its ups and downs of late. The COVID-19 pandemic triggered a tech boom where countless stocks skyrocketed as home-bound consumers invested in home offices and entertainment. This prosperous period led Apple's (NASDAQ: AAPL) stock to reach an all-time high of $180.68 on Jan. 3, 2022.
However, more recent economic challenges have slowed consumer spending, dragging countless tech stocks down. Apple shares fell 26.8% last year. Yet, the stock has soared 22% since Jan. 1 as the market shows signs of recovery. But it remains down 13% from the all-time high it reached last January.
Here's why now is the time to buy Apple stock after a dip from its all-time high price.
Source Fool.com
