Apple Stock Drops to New 57-Week Low

Apple’s massive stock plummet continued today, with shares falling nearly 2.5% over the course of the day, at one point touching a new 57-week low of $429.98 (that’s the lowest point for the stock since January of 2012!). Apple’s stock has now fallen nearly 40% from its high of just over $700 last September.

It’s unclear how much longer the stock will continue to slide – but shares seem significantly undervalued at this point. Personally, I’m looking at this as a great chance to snap up some Apple shares while they’re cheap. It’s hard to imagine the stock going anywhere but up at this point as a general trend…

J. Glenn Künzler

Glenn is Managing Editor at MacTrast, and has been using a Mac since he bought his first MacBook Pro in 2006. He lives in a small town in Utah, enjoys bacon more than you can possibly imagine, and is severely addicted to pie.