Russolillo reports, “Through last week, shares had fallen 25% since mid-September.”
“Monday’s rally was the second biggest of the year (on April 25, shares jumped 8.9% following a blowout earnings report),” Russolillo reports. “It was also the third biggest run-up since the March 2009 lows, according to Jonathan Krinsky, chief technical market analyst at Miller Tabak & Co. in New York.”
Russolillo reports, “For those keeping score, Apple is now down 19% from its record high hit on Sept. 19. For the year, the stock is up 40%.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Ellis D.” for the heads up.]