Why Are Apple’s Shares Down Almost 27 Percent?
My friend Donna owns plenty of shares in Apple stock.
Her portfolio is worth about $200,000. It’s the only stock market investment that she owns.
Last year, I suggested that she diversify.
But she had fallen in love with Apple. The stock had made her bucket loads of money. She expected buckets more to come.
But the tide turned red. On April 27th, Bloomberg reported that Apple was the Dow Jones Industrials worst performing stock since its induction into the index, just over one year ago.
In the 12 months ending May 12th, 2016, Apple’s stock fell nearly 27 percent. That compares with a 0.37 percent gain for the S&P 500.
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