Apple Inc: Oversold Status and Projections for Recovery
Wednesday, 6 March 2024, 17:07
Apple Inc: Market Performance
Apple Inc has encountered difficulties in 2024, leading to the stock appearing as the most oversold in years. The shares have fallen by 14% from a recent high and by 12% for the year, contrasting with a 7.42% gain for the Nasdaq 100 Index. The decrease in Apple shares is attributed to worries regarding iPhone sales in China and a penalty from the European Union.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.