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Why Apple Stock Lost 10% Last Month

TheMotleyFool

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2020 has been a banner year for Apple (NASDAQ: AAPL), but that momentum wasn't enough to help the stock in September as shares of the iPhone maker skidded following its stock split at the end of August. The pullback came as the Nasdaq entered a correction in the beginning of September, indicating investors believed tech stocks had become overvalued. A launch event for a new Apple Watch and iPad later in the month wasn't enough to move the stock higher, and shares finished September down 10%, according to S&P Global Market Intelligence.

The chart below shows the stock's trajectory for the month.