“Apple’s share price has been on a steady decline over the last several months. In the last six months alone, the company’s stock price has gone down 37.5 percent,” Reisinger reports. “Its 52-week high of $705.07 seems like a distant memory at this point.”
Reisinger reports, “In an interview with CNBC’s Squawk Box this morning, famed investor Warren Buffett said that CEOs ‘can’t run a business to push the stock price up on a daily basis,’ adding that his own company, Berkshire Hathaway, ‘has gone down 50 percent four times in its history… When that happens, if you’ve got money you buy it.'”
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MacDailyNews Note: At $395.75 billion, Apple (AAPL) is no longer the world’s most valuable company. Exxon Mobil, currently worth $400.32 billion, has retaken the crown.
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