As an investor, one of the things which can count on is the stock of the Apple company rarely stumbles. If you look back and reminding some of the instances in the last five years, NASDAQ: AAPL suffered a drop. And then it faces a speedy recovery from that drop. The company will be offering an occasional chance to pick up the shares in the hottest and big tech giant of the world at a discount. The company currently trades in the 115 dollars’ range; it has begun to recover from the September month’s stock selloff. If you are not convinced with the apple stock to be a bounce-back again, then pay attention to the upcoming sections.
The fall in the year 2018
During the month of September in the year 2018, NASDAQ: AAPL was trading at over 56 dollars. The previous month, the company hit a one trillion dollars’ market capitalization, which is considered to be a huge milestone. Once after the celebration of this milestone, investors of the apple company began to worry. It is because the global sales of the smartphone have fallen, and the trade relations between China and the US were beginning to deteriorate. By the end of December month, the company has lost one-third of the value, and then the next year, the company was in recovery mode.
Struggles in the month of May 2019
A big drop has occurred for the company’s shares before it is fully recovered from the previous year’s fall. In the month of May 2019, the trade war between China and the US had heated up. The president of the US announced that he would raise tariffs over 200 billion dollars for the Chinese goods. Hence, apple lowered revenue guidance for the year 2019. But by the month of September, the stock of the company has fully recovered, and they were back in roaring growth mode.
Finally, spring 2020
This year spring saw the company NASDAQ: AAPL take another dip. The pandemic triggered concern along with the record setting market meltdown. But again, the investors of the company who are the stock in this dip were highly rewarded. In the month of September, Apple closed at 134.18 dollars. This means that if you buy the shares of the company in late March, the investment of yours gained up to 139% in value, which is considered to be a pretty impressive performance. In conclusion, it is considered to be the best time for investing in Apple stock. At same time, you need also check its news at https://www.webull.com/newslist/nasdaq-aapl.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.