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
€193.42
2.200%
Currently there is a rather positive sentiment for Apple Inc. with 102 Buy predictions and 9 Sell predictions.
With a target price of 212 € there is a slightly positive potential of 9.61% for Apple Inc. compared to the current price of 193.42 €.
