“Forgotten among concerns about Apple Inc.’s drop in share price is that the recent recovery has its shares inching back toward all-time highs,” Douglas A. McIntyre writes for 24/7 Wall St. “Good news about sales of its new iPhone SE, or a strong quarterly report, could press the stock price high enough to challenge the period from February 2015 to July 2015, when it traded occasionally above $130.”
“While Apple’s shares are down 14% over the past year, they have recovered 12% in the past three months and traded at $110,” McIntyre writes. “That means they trade at the same price as in November 2014, when they then popped above $130 for the first time in February of last year.”
“Three months,” McIntyre writes, “that was all it took.”
Read more in the full article here.
MacDailyNews Take: It got so bad there that Google was the world’s most valuable company for a New York minute.
As always, we look forward to publishing our next “Apple hits new all-time” article.