Apple’s stock has been in a massive slump lately, but fortunately for investors, that slump is likely very much over now. Shares of AAPL rose a historic 7.21 percent today, up $38.05 – the second-largest gain in the history of AAPL stock.
Apple’s stock recently hit a 10-month low of less than $525, and many investors had been increasingly concerned at the alarming rate at which the stock dropped. The jump is partially due to comments made by Topeka analyst Brian White, who strongly urged investors to buy again.
With the price now where it was around the beginning of November, it’s thought that it still has a great deal of room to rebound, perhaps meeting or exceeding its September high of more than $700.
Hang onto your hats, investors – you’re in for a wild ride back to the top!